VOL. XXXIII
NO. 24
19-MARCH-1990
Financial and Banking News
Regional Banking
Loan Provisioning Hits Arlabank again
The trend towards heavy provisioning against loans in developing countries,which has already hit the bottom line at two major Arab banks in 1989 - ArabBanking Corporation and Gulf International Bank - has resulted in heavy lossesat Arlabank International. Arlabank is a Bahrain-based consortium created tochannel Arab loans to Latin America in 1977. Last week it released a briefstatement...
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