VOL. XXXI

NO. 18

8-FEBRUARY-1988

Financial and Banking News

REGIONAL BANKING

ABC Boosts Loan Loss Provisions to $375mn in 1987

Arab Banking Corporation (ABC), Bahrain's biggest offshore bank, last weekannounced the 1987 financial results for the ABC Group, which reveal anallocation of a massive $375mn to loan loss provisions in 1987, as compared to$53mn in 1986. The bank, which achieved another year of balance sheet growth,reported a 7.4% increase in operating profits before taxation, minority...