VOL. XXX1

NO. 47

29-AUGUST-1988

Financial and Banking News

REGIONAL BANKING

Arlabank Capital Undersubscribed

The issue of new capital for Arlabank International which was necessary toreplenish its equity base after last year's $123.6mn loss has beenunder-subscribed. In 1987 shareholder's equity was reduced by $131mn and a$112.5mn call on capital was made for early 1988. By mid-year, however, only$71mn of this total was paid in by seven of the consortium's 27 shareholders. Atthe end of June the bank...