VOL. XXX
NO. 24
23-MARCH-1987
Financial and Banking News
REGIONAL BANKING
ALUBAF Arab International Profits Increase 15%
The Bahrain-based ALUBAF Arab International Bank has reported a 14.7%increase in profits to $3.9mn for 1986, its fourth full year of operation.During 1986 the bank established its first branch, in Tunis, which contributed$59mn to the total footings and $172,000 to the bank's profits. Non-interestincome grew by 24.1% to $5.8mn, which bolstered the bank's income sufficientlyfor a...
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