Financial and Banking News


Bahrain OBU Assets Rise: Regional Business Declines

The Bahrain Monetary Agency (BMA) has reported an end-year 1986 surge in the assets of the island's offshore banking units (OBUs) to $55.68bn, compared with the year's low point of $50.85bn recorded in April. The increase in assets in December is the seventh consecutive monthly increase and so is unlikely to comprise mere "window dressing." However, the end-1986 total is still...