Financial and Banking News
REGIONAL BANKING
UBAN Records $2.6mn Profit
UBAN International Ltd. in which a controlling stake has recently been taken by the Paris-based Union des Banques Arabes et Francaises (UBAF), had 1985 net profits of $2.6mn, according to preliminary results released last week by UBAF. UBAN's net worth at the end of 1985 was "just over $14mn", which is substantially higher than that indicated in MEES 27 January. UBAF's 51% stake in UBAN was...
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