VOL. XLVI

No 35

01-September-2003

SUDAN

REGIONAL BANKING

Byblos Setting Up Bank In Sudan, OPEC Fund To Provide $5Mn

Lebanons Byblos Bank announced that it is setting up a bank in Sudan, with operations set to begin in Khartoum this week. The bank, named Byblos Bank Africa, is being set up with $18mn, of which $12mn is capital and $6mn subordinated debt. The OPEC Fund will participate in the transaction by providing $5mn and taking a stake of almost 20%, George Andraos, Financial Institution Officer...