VOL. XXXI

NOS. 11/12

21/28-DECEMBER-1987

Financial and Banking News

REGIONAL BANKING

Yugoslav Interest in Cyprus Banking Grows as Regulations Ease

Liberalization of regulations affecting the offshore banks in Cyprus is dueto become effective early in January, and there has been an increase in interestby Yugoslav banking entities in establishing OBUs on the island. Meanwhile, aLebanese OBU operating in Cyprus since 1985 has decided to cut its formal linkswith Lebanon and become locally incorporated....