NO. 24


Financial and Banking News

Regional Banking

Libyan Takeover of ALUBAF-Bahrain and Algerian Move into UBAF-New YorkConfirms Disintegration of UBAF Group

The takeover by Libyan Arab Foreign Bank (LAFB) of Bahrain-based ALUBAF ArabInternational Bank, and imminent changes in the ownership of UBAF Arab AmericanBank confirm the steady disintegration of the UBAF banking group as it wasconceived in the 1970s. While disappointing those who saw the group as anexpression of...