VOL. XXXVI

NO. 44

2-AUGUST-1993

Financial And Banking News

REGIONAL FINANCING

UBAF-ParisDoubles Profits But Profitability Remains Low

Paris-based Union de Banques ArabesetFrancaises(UBAF)

more than doubled its profits toFF38.1mn in 1992.Operating revenues increased by 11% toFF626.9mn and salaries and

administrative expenses were keptunder control. Provisions and write offs,in all their various forms,increasedby

11% to FF295mn and still represent a major drag on profits. Returnsonaverageassets and...