VOL. XXXII
NO. 42
24-JULY-1989
Financial and Banking News
REGIONAL BANKING
GIB Half-Year Profits Rise 10.6%
The Bahrain-based Gulf International Bank (GIB), which is jointly owned bythe six member states of the Gulf Cooperation Council (GCC) and Iraq, lastweek declared a 1989 half-year after-tax profit of $28.1mn, up 10.6% from the1988 half-year profit of $25.4mn, according to the bank's unaudited half-yearresults. The improvement in profit was attributed to an increase of $2.2mn innet interest,...
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