Financial and Banking News
Albaab's Shareholders' Equity Drops
Profits at A1 Bahrain Arab African Bank (Albaab) fell sharply from $18.9mn in 1983 to $15.8mn in 1984, a drop of 16.4%. Total assets fell 6.4% to $1,370mn, while shareholders' equity dropped from $130.6mn to $129mn, representing a $1.6mn drop in its reserves, according to summary results published by the bank recently. Return on shareholders' equity thus fell for the second consecutive...