VOL. XXXIII
NO. 25
26-MARCH-1990
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...
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!