VOL. XXXVI

NO. 37

14-JUNE-1993

Financial and Banking News

REGIONAL BANKING

Central Bank Of The UAE Steps Up Pressure On Sharjah Banks To Merge

The Central Bank of the UAE has made it absolutely clear to Sharjah's fourbanks that it wants them to merge into two institutions: Bank of Sharjah withNational Bank of Sharjah and United Arab Bank (UAB) with Investbank. The CentralBank has indicated its support for mergers before, but local bankers say thatthe tone and seriousness with which the Bank is...