VOL. XXX

NO. 15

19-JANUARY-1987

Financial and Banking News

REGIONAL BANKING

NBK to Convert FRAB into Branches

Following the extension of its stake in FRAB Bank International to 87% lastyear, the National Bank of Kuwait (NBK) is consolidating FRAB figures with itsown for the first time in the 1986 financial results, and will during the courseof 1987 convert the Bahrain offshore banking unit, Frab-Bank (Middle East) E.C.,into an NBK branch. MEES understands that this will be followed in 1988 with the...