VOL. XXX
NO. 18
9-FEBRUARY-1987
Financial and Banking News
REGIONAL BANKING
Lebanese Bank Gets Cyprus OBU License
The Central Bank of Cyprus last week licensed the fourteenth offshore bankingunit (OBU) on the island. The Beirut-based Allied Business Bank, which had totalassets of LL811.1mn at the end of June 1986 (equivalent at that time to $19.3mn)and total capital funds of LL61mn ($1.5mn), has six branches in Lebanon, and itsCyprus presence will be its first operation outside that country. The...
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