Financial and Banking News

REGIONAL BANKING

Aresbank Holds Income at $10mn 

The net income of the Madrid-based Banco Arabe Espanol (Aresbank) remained constant at the equivalent of $10mn in 1984, although in peseta terms there was an 112 increase over the previous year to Ptas 1,737mn. Assets (less contras) rose 8% in peseta terms to Ptas 247bn (a 3% decline in US$ terms to $1.4bn) due to more inter bank activity. The loan portfolio dropped 8% in peseta terms to Ptas 85bn, while...