Financial and Banking News
Heavy LDC Losses Mask GIB's Weak Earnings
Two important question marks hang over the Bahrain-based Gulf InternationalBank (GIB) after its unprecedented decision last week to take a $725mn"special charge" against developing country loans, which resulted in a$692.5mn loss being declared for 1989. The answer to the first will becomeapparent within the coming weeks, and concerns the market's perception of GIB'srelatively...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!