VOL. XXXV
NO. 24
16-MARCH-1992
Financial and Banking News
Bank Results
National Bank of Ras Al-Khaimah Declares Increased Profits Again
National Bank of Ras al-Khaimah increased its profits again in 1991 despite asmall decline in operating income. Operating income fell by 3% to Dh43.9mn, butgeneral and administrative costs were contained and there was no need to makeprovisions for bad and doubtful debts. As a result, net profit for the year roseby 5% to Dh24.3mn.
The bank's balance sheet remains...
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