Financial and Banking News
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...
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