NO. 35


Financial and Banking News

Regional Banking

Closure of NCB's Branch Highlights Challenge Facing all Foreign Banks inLondon

National Commercial Bank's (NCB's) decision to close its London branchhighlights the problems which foreign banks face in trying to make a profit inthe capital (MEES, 25 May). Not all foreign banks in London are making as biglosses as NCB has experienced since opening its branch in 1986, but theunderlying arithmetic of costs and income is the same....