Financial and Banking News


Lending to Comecon up Despite Overall Decline in Arab Syndications 

Arab banks and financial institutions increased their syndicated lending to the USSR and Eastern Europe for the second successive year in 1985 when their apportioned total reached almost $450mn3 three and a half times the 1983 level. According to figures compiled by MEES, the Arab banks' total volume of syndicated lending shrank further during 1985 as a result of the...