VOL. XXXI
NO. 25
28-MARCH-1988
Financial and Banking News
REGIONAL BANKING
Arab Bank Profits Improve on Exchange Rate Effect
The decline of the US$ during 1987 provided the principal stimulus for a 7.8%improvement in net income of the Arab Bank Group, according to figures publishedin the bank's recently released Annual Report. Group profit reached a total of$82mn in 1987, but nearly half of this - $40.1mn - was attributable todifferences on exchange. The biggest growth in profits was recorded by...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!