NO. 8


Financial and Banking News

Regional Banking

Bahrain Middle East Bank Seeks Capital Injection from Kuwait's Burgan Bank

Bahrain Middle East Bank (BMB), a Bahrain-based offshore bank, has asked itsprincipal shareholder, Burgan Bank of Kuwait, to inject $64mn in fresh capitalto help it cope with financial difficulties arising from the Gulf crisis. BMB isreported to have lost nearly half of its credit lines - $446mn - after Iraq'sinvasion of Kuwait, and only about one...