VOL. XXXI

NO. 45

15-AUGUST-1988

Financial and Banking News

REGIONAL BANKING

GIB Half-Year Profits up 14.3%

The Bahrain-based Gulf International Bank (GIB), which is jointly owned bythe member states of the Gulf Cooperation Council together with Iraq, last weekdeclared a 1988 half-year after-tax profit of $25.44mn, up 14.3% from the 1987half-year profit of $2Z.27mn, according to the bank's unaudited half yearresults. At the end of June 1988, GIB's total assets stood at $8,815mn, ascompared to...