NO. 34


Financial and Banking News

Regional Banking

SAMA Rescinds Banking Blacklist

The Saudi Arabian Monetary Agency (SAMA) has rescinded the blacklist which itintroduced at the beginning of this year to punish commercial banks whichwithdrew funds from the Kingdom after Iraq's invasion of Kuwait in August lastyear. (MEES, 1 April). The six banks on the list were Bank of Montreal, RoyalBank of Canada, Sanwa Bank, Tokai Bank, and two Taiwanese banks, Bank of Taiwanand...