VOL. XXXIV
NO. 44
5-AUGUST-1991
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...
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