VOL. XXXV
NO. 23
9-MARCH-1992
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...
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