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...