Financial and Banking News
GIB, ABC both Report Underlying Earnings Decline
Detailed financial results for 1987 for the two principal Bahrain-based Arabinternational banks - Gulf International Bank (GIB) and Arab Banking Corporation(ABC) - which were made available to MEES last week reveal that in addition tothe reported losses declared by both banks as a result of heavy loan lossprovisioning to cover third world loans, both banks suffered a decline...
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