NO. 24


Financial and Banking News

Bank Results

National Bank of Bahrain Reports 11% Rise in Profits

National Bank of Bahrain (NBB) has reported profits of BD9mn ($23.9mn) for1990, an 11% increase on 1989. The rise was due to a reduction in provisions ofBD1mn, in line with the trend of recent years. Operating income beforeprovisions fell slightly, to BD13.9mn from BD14.0mn. Total income stood atBD21.6mn, compared to BD20.8mn in 1989. A dividend of 20% is being proposed.Last...