What does Open Bank Assistance (OBA) Mean?
Open
Bank Assistance (OBA) is a situation where a failing insured institution is
assisted to continue to operate in the same name on a going concern
basis.
It may involve change in ownership and management of the bank;
injection of fresh funds in the form of equity and/or loan capital; and
re-organisation and overhauling of the bank including rationalization of staff
and branches.
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