Financial and Banking News
Bahrain's Al-Ahli Commercial Bank Returns to Profit
Bahrain-based Al-Ahli Commercial Bank has declared profits of BD1.8mn for1990, compared to a loss of BD4.0mn in 1989. The turnaround was due to acombination of lower provisioning and an in increase in total income. Netinterest income rose by 4% to BD4.1mn, but other income more than doubled toBD2.1mn. The rise in other income was attributable to interest recoveries and asurplus...