Financial and Banking
Aresbank Profits Decline
The net income after tax of the Madrid-based Banco Arabe Espanol (Aresbank) declined 15.5% in peseta terms (4.8% in $ terms) to Pta.1,467mn in 1985. Total assets declined 8.7% in peseta terms to Pta.234.9bn, although this still represented a 2.7% increase in $ terms to $1,524mn. Interbank activity remained relatively constant, but the loan portfolio dropped for the second consecutive year to Ptas.80.7bn ($524m). Loan...