Financial and Banking News
Heavy Provisioning Absorbs BMB Income
Heavy loan loss provisioning has for the second year in succession absorbed the bulk of the net income earned by Bahrain Middle East Bank (BMB). $8mn out of total net operating income of $8.3mn was provisioned in 1985. However, net income increased by 51% over 1984 levels, with general expenses increasing by only 7%, so that the bank's earning base has recovered from a poor year in 1984. Assets...