VOL. XXXI
NO. 45
15-AUGUST-1988
Financial and Banking News
REGIONAL BANKING
ABC Reports Increase in First Half 1988 Profits
Arab Banking Corporation (ABC) last week announced its consolidatedhalf-year figures, which showed a 19.3% rise in net pre-tax profits to $68mnfrom $57mn in June 1987. The increase in 1988 profits reflects a 44.4% surge inoperating profits to $104mn from $72mn in the first half of 1987, although inthe first half of 1988 ABC increased its provisions for loan losses to $28mnfrom...
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