VOL. XXXIV
NO. 30
29-APRIL-1991
Financial and Banking News
REGIONAL BANKING
BMB Receives New Deposits From Kuwait to Maintain Balance Sheet
Manama-based Bahrain Middle East Bank (BMB) has declared a loss of $38.3mn for 1990 compared to a profit of $10.4mn in 1989. The reversal is due mainly to a higher level of provisioning and a sharp fall in investment income. The bank's balance sheet fell only slightly during the year as a whole, as a result of an injection of deposits from agencies of the...
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