Financial and Banking News
TAIB Profits Down for 1990
Trans-Arabian Investment Bank (TAIB), the Bahrain-based offshore investmentbank, reported profits of $4.9mn for 1990, down 4% from $5.1mn in 1989. Totalassets fell by $36mn to $243.3mn, down 13% from 1989. Most of this is attributedto a $34.8mn fall in loans and advances during 1990. Time deposits from banksdropped by $12.3mn from $73.5mn in 1989 to $61.2mn last year, but advances toassociated...