30.09.201604:46:00UTC+00Brazil's Itaú receives central bank approval for $3.7 billion capital plan

Itaú Unibanco Hodling's 12 billion-real ($3.7 billion) capital injection plan, which aims to bolster the balance of the bank, has received regulatory approval.

Itaú in a securities filing on Thursday said the central bank approved the bank's plan which includes giving an extra share per every 10 held by investors. No timetable for the transaction was disclosed in the filing.

Itaú Unibanco Hodling is the largest bank by market value in Brazil.

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