No Need for EBRD Capital Hike, Mirow Says

European Bank for Reconstruction and Development President Thomas Mirow said there is no need to raise the bank's capital as the regional lender is capable of mobilizing funds externally,

reported. "We are extremely conservative and are equipped in terms of capital," Mirow said. "We can raise our investments without turning to shareholders, for the foreseeable future." The bank intends to invest a record EUR7 billion (USD8.99 billion) this year to assist recipient nations in coping with the global financial crisis.

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