BankAmerica Corp. has increased the capital of its Polish banking unit, Bank of America (Polska) SA, to $50 million, from $10 million.

The capital increase is part of a longer-term plan to expand in Eastern Europe, where BankAmerica focuses on foreign exchange and fixed income trading, risk management, project and trade finance, global capital raising, payments, and international cash management.

Bank of America (Polska) SA was opened at the end of last year.

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