Middle East Economic Survey

VOL. XLVII

No 47

22-November-2004

REGIONAL BANKING

Lions Share Of JBICs Middle East Loans Go To Iran

Loan commitments to the Middle East and North Africa region by the Japan Bank for International Cooperation (JBIC) in FY2003 (1 April 2003 31 March 2004) reached 171.917bn ($1.517bn at a MEES computed average exchange rate of $1 = 113.3) according to the banks Annual Report 2004. (Loan commitments to Turkey in 2003 amount to 67.179bn ($592.93mn) and are included in the...