Financial and Banking News
REGIONAL BANKING
Provisions Hit NBB Net Earnings
The National Bank of Bahrain has announced that it is taking provisions of BD1.5in ($4mn) to cover bad debts and a drop in the value of its portfolio of local shares, so that its net earnings dropped from BD12.5mn in 1983 to BD10.7mn ($28.5mn) in 1984. Assets grew 14% to BD639.3mn ($1.7mn), while shareholders' equity was up marginally to BD57.7mn ($153mn).
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!