Financial And Banking News
REGIONAL BANKING
FBHE Reports Strong Asset Growth
The Federal Bank of the Middle East (FBME) had strong balance sheet growth during 1985, with total assets increasing by 41.1% to $162.1mn and contra accounts more than doubling to $11.1mn. After-tax profits remained unchanged at $2.16mn, and were retained. The maturity structure of the bank's balance sheet was substantially shortened during 1985, with the bulk of its growth coming from short-term...
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