VOL. XXXI

NO. 49

12-SEPTEMBER-1988

Financial and Banking News

REGIONAL BANKING

Another OBU Closes in Bahrain

Following the announcement by National Westminster Bank that it would closeits Bahrain based offshore banking unit (OBU) and leave a representative office(MEES, 29 August), another foreign OBU has announced its intention to close itsBahrain operation. The Scandinavian Bank Group - a British based consortium bank- announced that it would close its Bahrain office soon "as a result of a...