VOL XXXI

NO. 20

22-FEBRUARY-1988

Financial and Banking News

REGIONAL BANKING

BIB Operating Income Falters

Bahrain International Bank (BIB), which was established at the peak of theoffshore balancing boom in 1982 and which suffered serious losses duringKuwait's Suq al Manakh crisis, has staged a steady recovery since 1983, when itlost $9mn. Last week it announced partial results for 1987 which showed a sharpdrop in net operating income from $22.8mn to $14mn, the lowest level recordedsince 1983. By...