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...