VOL. XXXII
NO. 16
23-JANUARY-1989
Financial and Banking News
REGIONAL BANKING
AFS Profits Jump as TC Sales Increase
The profits of the Bahrain-based Arab Financial Services Company (AFS) leaptfrom just $21,000 in 1987 to $1.254mn in 1988, according to the company resultsreleased last week. This is the first significant profit that the company hasmade since it was set up by Arab banks as a specialist issuer of Visa travelerschecks (TCs) in 1984. The 1988 profits were achieved by virtue of a 62%...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!