Financial and Banking News
Deposits of Bahrain's Offshore Banks Hit Ten Year Low
Bahrain's offshore banks had deposits at the end of June of $51bn, theirlowest level since 1981, according to the lastest quarterly bulletin of theBahrain Monetary Agency (BMA). Offshore assets peaked at $72.6bn at the end of1989, and fell to $59.9bn a year later. A handful of banks account for the vastmajority of assets. Arab Banking Corporation (ABC), for example, had...