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...