VOL. XXXIV

NO.16

21-JANUARY-1991

Financial and Banking News

Gulf Crisis

Arab Banking Corporation Transfers Administration to London

Arab Banking Corporation (ABC), the biggest locally incorporated Bahrainoffshore bank, has transferred its administrative systems, including paymentsand receipts, to London while tension remains high in the Gulf. The move doesnot involve transferring assets to London, nor any change in the status of ABC'soffices in Bahrain or London. Interbank lines booked to Manama...