NO. 37


Financial and Banking News

Regional Banking

UBAF Raises Authorized Capital by FF300mn, but Issue of Gulf InvolvementStill Unresolved

The general assembly of Paris-based Union de Banques Arabes et Francaises (UBAF)has agreed to a board proposal to raise the bank's authorized capital by FF300mnto FF1,750mn. There are no immediate plans to call up the new money, and nocommitments to subscribe have been made. The increase is seen as a contingencymeasure in case the French...