Financial and Banking News
BAII Profit up 18%
The net consolidated profit of BAII Holdings (Luxembourg), the holding company for the BAII group of banks, was $15.4mn in 1985, 18.5% higher than 1984's $13mn. The growth in profit would have been higher but for an increase in loan loss provisioning from $7.7mn in 1984 to $13mn in 1985. An unchanged 8% dividend for 1985 has been declared.