Financial and Banking News


Investcorp's Fee Income up Sharply

The Arab Investment Banking Corporation (Investcorp) reported a 53% increase in operating income in 1984, with almost half of its income derived from fees and other non-interest sources, thus lending credibility to its claim to be an investment bank. Its active treasury operations continued in 1984, although a big increase in interbank borrowing (from $17.2mn to $156.4mn) pushed up its interest expenses...