NO. 44


Financial and Banking News

Bank Results

ABC Declares $45mn First Half Profit; Balance Sheet Almost Unchanged

Bahrain-based Arab Banking Corporation (ABC) has declared interim pre-taxprofits of $65mn for the first half of 1992, compared to $57mn during the firsthalf of 1991. Operating profits were $124mn, compared to $100mn for the firsthalf of 1991. Total assets at the end of June 1992 were $20.1bn, compared to$19.6bn at the end of June 1991 and $20.5mn at the end of...