Financial and Banking News
GIB Returns to Profit, but Awaits Decision on Strategy and Share Structure
Bahrain-based Gulf International Bank (GIB) returned to profit in 1991following two years of heavy losses. The bank's returns on average equity andassets were respectable and its capital to risk-weighted assets position healthy. Following this stabilization of GIB's financial position, two key issuesremain, and these will be solved during the next few...