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Spain's Popular approves capital increase of up to 2.5 bln euros

Monday, 1 Oct 2012 | 2:15 AM ET

MADRID, Oct 1 (Reuters) - Spain's Banco Popular said on Monday it has approved a capital increase of up to 2.5 billion euros ($3.22 billion).

Exectutives from the country's sixth-biggest bank will hold a conference call with analysts at 0800 GMT to explain the deal.

($1 = 0.7773 euros)

(Reporting By Jesús Aguado; editing by Paul Day)

((jesus.aguado@thomsonreuters.com;))

Keywords: SPAIN POPULAR/