Financial and Banking News
Weaker Dollar Boosts UBAF Results
The consolidated 1985 results of the UBAF group of banks - 78% of whose footings are non-US$ denominated - present a substantial improvement over 1984, although this is principally because the weakening dollar during 1985 inflated the consolidated results which are presented in dollars. Nevertheless some of the UBAF banks experienced strong growth in any case. Total footings at UBAF Arab American Bank, which...