Financial and Banking News
Paris-Based UBAF Plans Capital Increase
Shareholders of the Paris-based consortium Union de Banques Arabes etFrancaises (UBAF) will meet on 8 November to consider a recommendation from thebank's board of directors to increase its capital by $100mn. It is highlyunlikely that the proposal will be rejected. The new money, which would be paidin by the end of the year, will take the bank's capital to $280mn. In 1987 UBAFdoubled...