VOL. XXXII

NO. 35

5-JUNE-1989

Financial and Banking News

REGIONAL BANKING

BAII Lending Increases as Loan Subsidiary is Sold

The Paris-based Banque Arabe et Internationale d'Investissment (BAII) hasrevealed first quarter results which show an increase in lending during thefirst three months of the year from FF15.2bn to FF16.5bn ($2.6bn). The increasein lending coincides with the bank's decision to sell to its own shareholdersits wholly-owned subsidiary Euroloans Company and write back some $100mn...