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...
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