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...
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