NO. 40


Financial and Banking News

Regional Banking

New Supervisory Board for BAII as BNP Takes Control

Banque Nationale de Paris (BNP) took control of Banque Arabe etInternationale d'Investissement (BAII) at the end of June after injectingFF600mn in fresh capital. The move had been expected since May, when BNPannounced its intention to buy out BAII's other shareholders (MEES, 21 May).Before BNP subscribed the new money, BAII's capital fund had been written downto FF50.75mn...