NO. 26


Financial and Banking News

Regional Banking

Six Arab Banks and Credit Lyonnais Complete Capital Increase in UBAF

Paris-based Union de Banques Arabes et Francaises (UBAF) completed itsFF525mn capital increase by 29 March, the date set by the bank's board for thetransfer of funds to pay for the new shares. Six Arab institutions aresubscribing directly to the Arab portion of the issue, with the result that Arabinstitutions will hold individual stakes in UBAF for the...