Financial and Banking News


BAII Profits Set to Improve in 1987

The Paris-based consortium Banque Arabe et Internationale d'Investissement (BAII), and its overseas subsidiaries declared net profits of $7.5mn for the first half of 1987, roughly in line with last year's level However, profitability in 1987 is expected to substantially exceed last year's $10.2mn, because the second half of 1986 was affected by two major factors which are unlikely to be repeated...