VOL. XXXV
NO. 37
15-JUNE-1992
Financial and Banking News
RegionalBanking
Bahrain Arab International Bank to Close Voluntarily
Manama-based Bahrain Arab International Bank (BAIB), formerly Al-BahrainArab African Bank, is to go into voluntary liquidation, according to the BahrainMonetary Agency (BMA). The bank has been facing difficulties for some time, anda board decision to close the bank was taken a few months ago (MEES, 11 May).State-owned Kuwaiti institutions own 96% of the bank. This is the...
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