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.
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