Financial and Banking News
ABC Profits But Fee Income Rising
Arab Banking Corporation (ABC) last week announced 1986 financial resultswhich indicate sharply increased costs and stagnant profitability. On thebrighter side, fee-based income - the acid test of a bank's capability as aninvestment bank - has continued to register strong growth, and the bankinggroup succeeded in boosting its loan and security portfolio while reducingprovisions for loan...
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