Financial and Banking News
ABC Unchanged in First Half 1989
Arab Banking Corporations (ABC) has reported a balance sheet which is largelyunchanged during the first six months of 1989. Total assets stood at $19.2bn atthe end of June, compared with $19.1bn at the end of 1988 but 10.8% higher thanthe level 12 months before. Lending has increased to $8.4bn, as against $8.2bnat the end of last year and $7.4bn in mid-1988. ABC announced provisions against...