UBAF

AcronymDefinition
UBAFUpflow Biological Aerated Filter
UBAFUnion of Burma Air Force (est. 1947; now Myanmar Air Force)
UBAFUnion de Banque Arab et Francaise
References in periodicals archive ?
UBAF's IDRs and Support Rating are driven by potential support from its largest shareholder, Credit Agricole Corporate and Investment Bank (CACIB; A+/Stable; 47% shareholder), part of Credit Agricole (CA; A+/Stable).
The two-notch difference between CACIB's and UBAF's Long-Term IDRs reflects Fitch's opinion that UBAF is of limited importance to the parent.
The immediate impact of the UBAF action was twofold.
UBAF's Short-Term IDR of 'F1', the higher of two options mapping to a 'A-' Long-Term IDR, reflects our view that as long as it remains a reference shareholder, CACIB will ensure that sufficient liquidity is available at UBAF to meet its needs.
UBAF's VR reflects the bank's niche trade finance franchise focussed on flows between Europe or Asia and its core markets in the Middle East and North Africa, high risk concentration, satisfactory asset quality metrics and weak profitability.
A proportionate fine following UBAF's voluntary self-disclosure, which is our base case, would allow UBAF to renew business growth.
UBAF mainly provides letters of credit, guarantees and trade finance-related loans.
UBAF's Short-Term IDR of 'F1', the higher of two options mapping to an 'A-' Long-Term IDR, reflects our view that, as long as it remains a reference shareholder, CACIB will ensure that sufficient liquidity is available at UBAF to meet its needs.
The company profile of UBAF constrains its VR given its niche trade finance franchise focussed on flows between Europe or Asia and its core markets in the Middle East and North Africa.
UBAF's risk appetite has reduced and the bank is, in our opinion, more conservative than some of its specialist trade finance peers.
The list also includes Hamed Hassouna, the regional chief director of UBAF; Adel Danish, former chairperson and CEO of Smart Village; Mahmoud El Kaissy, chairperson of Medgenco International Trade Co.; and Abdel Halim Assem, adviser to the chairperson of Thales International Middle East.
Shifting to talk about the main challenges facing Egyptian trade businesses in Africa, Hamed Hassouna, chief regional representative of Union de Banques Arabes Et Francaises (UBAF) said that the main concerns for Egyptian banks is that there is not enough information about African markets such as country risk assessments.