VOL.XXX

NO.1

13-OCTOBER-1986

Financial and Banking News

REGIONAL BANKING

UBME Releases 1985 Results, Declares Itself Healthy

The Dubai-based Union Bank of the Middle East (UBME) has released a balancesheet for the end of 1985 and declared itself to be in "healthy"financial condition. The results, which exclude a profit and loss account, werepassed without qualification by the Dubai office of Peat Marwick Mitchell on 31August and show total assets (less contra accounts) of Dh5,684.3mn ($1,548mn),...