NO. 30


Financial and Banking News

Regional Banking

Second Qatari Bank to Announce Big Exposure to BCCI

Doha Bank, the second biggest of Qatar's locally incorporated commercialbanks, has an exposure of around $65mn to BCCI. The money was lent to BCCI'sCayman Island operations. Doha Bank is expected to provision 50% or 60% in its1991 accounts. At the end of 1990 the bank had shareholders' equity of $76.4mn,of which $47.8mn were general and other reserves, and $14.4mn in...