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Crownforex increases its share capital

Crown Forex has increased its share capital to 4.5 million Swiss Francs as one of the primary steps towards the banking license.

Crown Forex is in the transformation process to become a private bank and it is taking all the necessary measures to be fully compliant with the Swiss Federal Banking Law by the first quarter of 2009.

This increase is only part of the total capital increase planned by Crown Forex. The total capitalization will amount to approximately 15 million Swiss Francs, amount in line with the capital required in order to receive the banking license. This will insure the company’s compliance with the Swiss Banking Regulations and, most importantly, it will provide high measures of security for our esteemed clients.