NO. 21


Financial and Banking News

Bank Results

ABC International Bank Announces Profits for First Nine Months

ABC International Bank (ABCIB), the London-incorporated subsidiary of ArabBanking Corporation (ABC), has announced profits of 3.2mn ($5.6mn) for thenine months to the end of December 1991. It had assets at the end of the periodof 1,020.6mn. The bank began operations in London on 1 April 1991, and tookover the operations of ABC's Paris branch on 1 July. The bank...