GFH under threat from MidEast MDC plague
Local lenders in the Middle East, continuing to suffer from the liquidity drought which struck the region last year, are still attempting to trigger market disruption clauses on transactions in order to increase the interest rates on existing loans. The latest borrower to come under pressure is Bahraini Islamic investment bank Gulf Finance House, according to regional banks that participated in its $300m loan from 2006.
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