The Internet's first offshore bank has launched a marketing campaign that spokesmen said will allow it to grow 1,000% within the next 18 months.

Chartered on the Caribbean island of Antigua in 1994 for the specific purpose of conducting offshore banking electronically, the $100 million- asset European Union Bank (http://www.eubank.com) began promoting itself last month through clickable banners on World Wide Web search engines like Excite, Lycos, and Opentext.

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