VOL. XXXII
NO. 24
20-MARCH-1989
Financial and Banking News
REGIONAL BANKING
BMB Bounces Back
Bahrain Middle East Bank (BMB) has announced profits of $10mn for 1988 aftertaking big loan-related losses in 1987. Although operating income was nearlydoubled during 1988, this resulted from a number of exceptional factors, and aclearer picture of the improvement in earnings is derived from the figure fornet interest income, which increased by one third from $8mn to $10.7mn. Thebank's loan portfolio grew...
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