22 FEBRUARY 1993
Financial and Banking News
UBAF Hopes to Finalize New Capital Increase in April
Paris-based Union de Banques Arabes et Francaises (UBAF) hopes to have thedetails of its planned $80mn capital increase arranged by mid-April. The newmoney is required in order to conform to regulations from the French bankingauthorities. An injection of $80mn would enable the bank to cover a little morethan 60% of its potential loan losses (when the increase was first...
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