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...