NO. 25


Financial and Banking News

Regional Banking

BMB Shows Continued Growth

Bahrain Middle East Bank (BMB) has declared operating profits of $15.6mn for1989, a 9% increase on 1988. Net profit rose by only 4% to $10.4mn, due to anincrease in expenditure. The figures confirm the bank's recovery after takinglosses of $21.7mn in 1987, mainly due to heavy loan loss provisioning. Thebalance sheet grew by 25% during 1989 to take it well above the level of recentyears. Net...