NO. 23


Financial and Banking News

Regional Banking

ABC Will Have to Revise Management and Ownership but Can Continue toProsper

It seems likely that Mr. Saudi will not be the only casualty of OFACpressure. In the days following Mr. Saudi's resignation the three senior Libyanexecutives were said to be preparing to travel to Tripoli to discuss their ownpositions and the broader issue of Libya's role in ABC.

As for the ownership structure, a capital increase of some $500mn (from...