NO. 15


Financial and Banking News

Regional Banking

National Bank of Bahrain Announces Profit Increase

The National Bank of Bahrain (NBB) is the first Gulf-based bank to announceits 1989 results, which feature a 41% increase in profits from BD7mn toBD9.9mn. The bank is paying a 20% dividend, worth BD5.6mn, and taking BD2mn toits reserves. Total assets increased steadily during 1989 from BD545mn toBD671mn at the end of June and to BD741mn at the end of the year. Mid-year...