VOL. XLVI

No 26

30-June-2003

BAHRAIN

REGIONAL BANKING

ABC Puts Banco Atlantico Up For Sale, Is Close To Selling Hong Kong Operation

In line with its plans to divest of non-core subsidiaries and focus on the Arab world, Bahrains largest bank, Arab Banking Corp (ABC), is putting its controlling interest in Banco Atlantico up for sale, MEES understands. ABC has appointed Deutsche Bank as its advisor for the sale, which could possible see it retain a minority interest in the Spanish bank. ABC is also...