Financial and Banking News
National Bank of Bahrain Builds Profits
National Bank of Bahrain (NBB) has reported profits of BD8.1mn for 1989, a19% increase on 1988. The increase came mainly from a reduced level ofprovisioning, which was cut to BD5.9mn from BD6.9mn in 1988. The bank showedgross operating income of BD22.8mn, up BD800,000 on 1988, but most of theincrease was taken up by a rise in operating expenses, which stood at BD6.8mncompared to...