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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 14, 1968
Page
8
Fragmentary OCR text yields no clear event or entities to anchor a factual summary. The line appears to mix potential names and numbers without coherent context. No verifiable details of person, place, date, or organization are extractable.
National and Grindlays Bank announced it sold 40 percent of its shares to Citibank of New York and bought the Ottoman Banks business in the Middle East and Africa. Citibank paid about 42.86 million dollars for its stake, increasing National and Grindlays capital by about four million dollars. Control remains British and the bank stays London-based.
The deal transfers Ottoman Bank’s branches and business located in Ion Jersey Cyprus Jordan Kiln? Leah Rene Muscat Sudan Kenya Uganda Rhodesia to National and Grindlays. The inter national board in Istanbul and British directors underline the cross border nature of the transaction.
Fragmentary OCR text from a Maine item references models and bids with unclear context. Readable names or dates are not evident. The snippet provides no verifiable actions, outcomes, or entities to summarize into a coherent event or notice.
The Australian Resources Development Bank Ltd reports total loan commitments of 119 million with most loans to lending banks and overseas sources. Chairman H McE Scambler notes expansion in mining sectors including iron ore, tin, copper, coal, and pyrites with funds raised via transferrable certificates of deposits and overseas borrowings to support financing growth.
ANZ chairman Lord Carrington says 1968-69 demand for bank finance will stay strong amid rising business activity and rural sector advances. The bank expands mineral sector involvement with outpost branches and Australian Resources Development Bank participation, aiming to meet higher advance needs. He notes a 6 percent GNP growth target in the federal budget as conservative.
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