VOL.XXXVIII

NO.28

10-April-1995

RegionalBanking

BahrainMonetary Agency Licenses New Offshore Bank...

TheBahrain Monetary Agency (BMA ö the central banking authority) has licensed anew offshore bank which will be jointly owned by Kuwaiti and Chinese interests.The bank will be called the Asian

InvestmentBank and will have authorized capital of $40mn. The Kuwaiti share will be heldby Dr. Yusuf al-Sabah, while the Chinese side will be owned by threebusinessmen. It was not clear whether the Chinese...