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...