VOL. XXXIV

NO. 12/13

24/31 DECEMBER1990

Financial and Banking News

Regional Banking

New ABC London Subsidiary Licensed to Operate from 1 January

London-based ABC International Bank Plc, the new wholly- owned subsidiary ofArab Banking Corporation, has been licensed to begin operations from 1 January1991, but the bank will delay starting business for a short time while thecurrent uncertainty in the Gulf continues. The bank will have an authorizedcapital of 300mn, of which 150mn will be paid up. Arab...