Financial and Banking News
GIB Announces $420mn Capital Increase
The Bahrain-based Gulf International Bank (GIB) on 18 January held anextraordinary general meeting to approve an increase in its capital to itsauthorized limit of $1,060mn. GIB is owned equally by the member states of theGulf Cooperation Council together with Iraq. In 1988 it called on them for an$111.4mn capital increase and showed an equity/assets ratio of 7.9%. GIB is alsostudying...