NO. 23


Financial and Banking News

Bank Results

Bahrain Middle East Bank Shows Small Profit but Says Balance Sheet IsClean

Bahrain Middle East Bank (BMB) has declared a small profit in 1991, butexpects to record a bigger surplus in 1992. BMB's returns on assets and equitywere low in 1991, but the bank has taken a prudent approach to provisioning andthe valuation of assets. The bank's accounts conform to "internationalaccounting standard 30" on disclosure, and are therefore...