NO. 35


Financial and Banking News

Regional Banking

Arab National Bank Waits for London Approval

Riyadh-based Arab National Bank (ANB) hopes to receive permission by theend of the year to upgrade its representative office in London to full branchstatus. If the application, which is vetted by the Bank of England, is successful ANB expects to locate its branch in the West End district of thecapital. Only three other Saudi banks have branches in London - NationalCommercial Bank,...