Financial and Banking News
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...