VOL. XXXII
NO. 32
15-MAY-1989
Financial and Banking News
REGIONAL BANKING
ALUBAF Arab International Increases Profits
The Bahrain-based ALUBAF Arab International Bank has reported a sharpincrease in net income, principally due to reduced provisions for loan losses.Unlike most of the other second-tier OBUs in Bahrain, ALUBAF reported relativelystrong asset growth of 9.4%, although asset growth was particularly rapid atits Tunis subsidiary. There, the bank's assets increased by 23.8% to $89.6mn,...
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