Financial and Banking News


East German Credit Attracts Arab Banks 

A $500mn credit for the East German Deutsche Aussenhandelsbank was signed in early March which included five Arab banks among the co-lead managers: Alahli Bank of Kuwait, BAII, Commercial Bank of Kuwait (CBK), Industrial Bank of Kuwait (IBK) and the United Bank of Kuwait (UBK). LAFB and the Abu Dhabi Investment Company also joined the syndicate, which provided seven-year funds at either 0.875% over...