VOL. XXXI
NO. 18
8-FEBRUARY-1988
Financial and Banking News
REGIONAL BANKING
Arlabank Announces $129mn Bad Debt Provisions
Arlabank International last week declared a $132mn loss in 1987 after makingan extraordinary provision of $129mn against third world bad debts. The bankdeclared a net profit of $105mn in 1986 and set aside provisions of $9mn. TheBahrain-based offshore consortium bank, which has been burdened by heavyexposure to Latin America, also said that it had secured agreement from its...
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