VOL. XXXII

NO. 15

16-JANUARY-1989

Financial and Banking News

REGIONAL BANKING

AAIB and Albaab Declare Big 1987 Losses

The Bahrain-based Al-Bahrain Arab African Bank (Albaab) and its Cairo-basedparent, Arab African International Bank (AAIB), have both published belatedresults for 1987 which show big losses and a reduction in their combinedshareholders' equity from $166.7mn in 1986 to just $55mn at the end of 1987. AtAAIB, the need to increase its loan loss reserve from $254.8mn to $318.9mn...