NO. 26


Financial and Banking News

Bank Results

National Bank of Bahrain Declares Increased Profits

National Bank of Bahrain (NBB) has declared a 13% increase in profits for1991, and retained its 20% cash dividend payout. The increase in profits was duemainly to a cut in provisioning, although operating income also rose slightly.This follows the trend of the last three years, during which NBB has steadilycut its provisioning while recording small increases in operating...