NO. 44


Financial and Banking News

Bank Results

ABC Shows First Half Profits Little Changed from 1990

Manama-based Arab Banking Corporation (ABC) has declared pre-tax profits of$57mn for the first half of 1991, compared to $58mn for the first half of1990. Operating profit over the period rose slightly to $100mn from $97mn. ABCdeclared a net loss of $91mn for the whole year 1990. The bank's balance sheethas continued to shrink, ending the first half at $19.6bn, compared to...