Financial and Banking News
Bahraini OBUs Held S57bn Assets at End 1985
After a $500mn window-dressing boost during the month of December, total assets of offshore banking units (OBUs) in Bahrain at the end of 1985 stood at $56.83bn, 9.3% lower than their end-1984 figure. Although the volume of US$ assets also fell in 1985, their share of total assets increased from $44.72bn (71.3%) in 1984 to $43.05bn (75.8%) in 1985. $26.27bn (46.2%) of the assets were held in Arab...