VOL. XXXIII
NO. 25
26-MARCH-1990
Financial and Banking News
Regional Banking
Profits Rise at ALUBAF-Bahrain
Net profits at ALUBAF Arab International Bank rose to $4mn in 1989, theirhighest ever level. Net operating profits stood at $18.4mn, also the highestever level, and as a result the bank is to resume issuing dividends. A 4% payment has been recommended. The bank says its improvedperformance is due to arise in net interest income, which increased by 25% to $9mn during the year.Other income was...
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