VOL. XXXI

NO. 35

6-JUNE-1988

Financial and Banking News

REGIONAL BANKING

ABC Downrated because of Capital Inadequacy

The Cyprus-based bank monitoring service Capital Intelligence (CI) hasdownrated Arab Banking Corporation (ABC) from "A" to "A-(+)"as a result of what it regards as the "significant, though easily remedied,weakness" of inadequate capital. According to CI, 44% of ABC's capital isabsorbed by fixed assets, based on CI's own estimate that ABC's undisclosedinvestments in affiliates is...