Financial and Banking News
REGIONAL BANKING
BIB Restores Profitability and Plans Investment Banking Role
Bahrain International Bank (BIB) last week released its 1984 results, which indicate a return to profitability in its third year of operation. With net operating income up from $12.98mn to $17.38mn and provisions taken down from $22.04mn to $6.36mn, BIB has come up with a net profit of $11.02mn, a marked improvement over last year's $9.05mn loss, but still not up to the...
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