Financial and Banking News
GIB Shows Small Profit Rise in First Half
Bahrain-based Gulf International Bank (GIB), which is owned by the GulfInvestment Corporation (GIC), has declared interim profits of $25.6mn for thefirst six months of 1992. The bank declared profits of $20.2mn for the firsthalf of 1991, and $46.5mn for the whole year 1991. Net interest income was$31.4mn during the first half of 1992, up slightly on the first half of 1991,despite a...