VOL. XXXIV

NO.16

21-JANUARY-1991

Financial and Banking News

Regional Banking

Societe Generale Financing for Iran Rises to $2.2bn

Societe Generale is to arrange financing worth $2.2bn for Iranianpetrochemical projects, $400mn more than envisaged in the agreement signedbetween the bank and Iran in September. Societe Generale says that the increase,which was finalized at the end of last year, will cover the cost of the secondstage of the Arak petrochemical complex. Other projects to be included in the...