Financial and Banking News
National Bank of Bahrain Plans 20% Cash Dividend again
National Bank of Bahrain (NBB) has issued a statement announcing itsintention to pay a cash dividend of BD5.6mn and a one-for-seven bonus shareissue from 1991 profits. The bank expects to report net profits of BD10.5mn($27.9mn) for 1991 compared to BD9mn in 1990. Provisions are to be cut byBD1.1mn to BD3.8mn. The proposed cash dividend, which must be approved by...