Financial And Banking News


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...