NO. 36


Financial and Banking News

Regional Banking

GIB Likely to Become Main Arab Shareholder in BAII

Bahrain-based Gulf International Bank (GIB) looks set to become the main Arabshareholder in Banque Arabe et Internationale d'Investissement (BAII), theParis-based bank which is in the process of being taken over and recapitalizedby Banque Nationale de Paris (BNP). GIB is believed to be interested in taking astake of about 30% in the bank, although the exact figure has not...