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...
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