VOL. XXXV

NO. 19

10-FEBRUARY-1992

Financial and Banking News

Bank Results

Bahrain's al-Ahli Commercial Bank Cuts Provisions and IncreasesProfits

Bahrain-based al-Ahli Commercial Bank has reported its best results in overfive years as a result of increased operating income and reduced provisions.Net profits of BD3mn ($8mn) compare with BD1.8mn for 1990. Operating profitsrose, despite shrinkage in the balance sheet, as a result of higher interestmargins and gains from the sale of marketable...