NO. 42


Financial and Banking News

Regional Banking

GIB's Profits rise in First Half

Gulf International Bank (GIB) has announced net profits after tax of $32.5mnfor the first half of 1990, a 15.7% increase on the comparable figure for 1989,according to its unaudited half year results. The increase is due to a rise innet interest and fee income, which stood at $39.3mn compared to $36.8mn in thefirst half of 1989, and a rise in other net operating income, which stood at$19.0mn...