VOL XXVIII

NO.26

8-APRIL-1985

Financial and Banking News

REGIONAL BANKING

TAIB Profits Up 6%

A 6% increase in profits at Trans Arabian Investment Bank (TAIB) in Bahrain brought its net earnings up to $7.2mn, despite taking provisions of $1.66mn. Total assets (including contra accounts) grew 13% to $374mn, the loan portfolio grew 19% to $82mn, while shareholders' equity rose by 13% to $82mn.