VOL XXVIII

NO.26

8-APRIL-1985

Financial and Banking News

REGIONAL BANKING

ALUBAF Arab International Holds Profits Steady

The profits of ALUBAF Arab International Bank in Bahrain were $3.21mn in 1984, a negligible increase over 1983's $3.14mn. However the bank was able to take general provisions of $2mn in 1984, unlike in the previous year. Total assets grew 28% to $613mn, while the loan portfolio grew by 44% to $206m. On the liabilities side of the balance sheet deposits grew by 31% to $547mn.