Financial and Banking News
UBAF-Paris Plans Further Capital Increase
Paris-based Union de Banques Arabes et Francaises (UBAF) is soon expected toannounce plans for a capital increase of $70mn-80mn. The money will be used tomake provisions required by the French banking authorities against potentialloan losses, and needs to be paid in by spring 1993. MEES understands that thebank's shareholders have already been told of the expected size of the...