Financial and Banking News
ABC Group Reports 1984 Consolidated Results
The Bahrain-based Arab Banking Corporation (ABC) has reported consolidated net profits for the ABC group of $110mn at the end of December 1984, compared to $107mn at the end of December 1983. These figures do not include a specific loan loss provision of $45mn in 1984 and $20mn in 1983, which raise operating profits for these years to $155mn and $127mn respectively. In 1984 ABC has set a new standard...