Financial and Banking News


Results of Bahrain Banks 

Kuwait Asia Bank (KAB), a Bahrain Offshore Banking Unit (OBU), has announced first half 1985 profits of $2.52mn, up 61% from the first half of 1984, with the balance sheet growing by 5% to $570mn over the year to June. The bank is currently setting up a holding company in New Zealand to take over its 49% shareholding in Australasia Investment Company, and plans to form a second holding company in Australia for its...