Financial and Banking News
Small Arab OBUs Lose Out in Bahrain
The smaller Arab offshore banking units in Bahrain have turned in alacklustre set of results for 1987 and are losing their share of the offshorebanking market on the island. With the publication of the results of Kuwait AsiaBank (KAB) last week, it is apparent that the seven smaller Arab-owned OBUs inBahrain have had a pretty miserable year. Their aggregate assets declined from$4,416mn to...