Financial and Banking News
UBAF Bank in London Raises New Capital and Changes
Shareholding Structure UBAF Bank Ltd., part of the Paris-based Union deBanques Arabes et Francaises (UBAF) group, has raised $80.95mn in new capitalafter allocating provisions in 1989 of $96mn. The amount of the capital increasecorresponds exactly to the loss for the year, after provisions and subordinatedloan interest, of 51.2mn. The bank made current profits for the...