14 JANUARY 1991

Financial and Banking News

Regional Banking

GIB/GIC Merger Offers Compatibility, but Maybe not Success

Serious consideration is now being given to merging Gulf Investment Bank (GIB),which last week announced swinging cuts in its international operations (MEES, 7January), with Gulf Investment Corporation (GIC), which was formerly based inKuwait but now operates from Bahrain. The two institutions have a similarownership structure and share the broad objective of...