Financial and Banking News
Investcorp Profits Fall After Difficult Year, but Profitability RemainsHigh
Bahrain-based Investcorp has reported a 21% fall in net profits for 1991, thefirst time in its nine year history that profits have declined year-on-year.Nevertheless, the bank's profitability remains high, and the cash dividend of$15mn has been retained. The recession in the US and Europe made 1991 difficultfor Investcorp. The bank made no...