VOL. XXXIV
NO. 42
22-JULY-1991
Financial and Banking News
BCCI
Arab Banking Corporation Reiterates Support for Hong Kong Subsidiary
Manama-based Arab Banking Corporation (ABC) issued a statement on 17 Julyreassuring depositors and creditors of International Bank of Asia (IBA), itswholly-owned Hong Kong subsidiary. The statement was made after the closure ofBank of Credit and Commerce Hong Kong led some depositors to question thestability of other Arab-owned local banks, such as IBA and Dao Heng...
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