VOL. XXXI
NO. 38
27-JUNE-1988
Financial and Banking News
REGIONAL BANKING
MAIB Recapitalizes After Losses
Misr American International Bank (MAIB) is increasing its capital from Eœ15mnto Eœ45mn ($21mn) and bringing in a new public sector shareholder followinglosses and a disappointing performance in recent years. Banque du Caire isjoining National Bank for Development and Misr Insurance Company as theprincipal public sector shareholders, each taking a 17% stake in the bank.Kuwait Real Estate Bank's...
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