NO. 34


Financial and Banking News

Bank Results

Burgan Bank's Profits Rise Again

Burgan Bank has declared profits for 1989 of KD6.42mn, a 5% incease on 1988.Its 4% cash dividend and 5% bonus share issue are unchanged. The bank's profitshave risen slightly but steadily since 1986, after declaring zero profits in1985. Its profitability ratios have hardly changed during the four years, butremain higher than most other commercial banks, despite an apparent lack ofdirection and...