Financial and Banking News
REGIONAL BANKING
GIB Reports Higher Profits and Appoints New General Manager
The Bahrain-based Gulf International Bank (GIB) has reported half-year results for 1985 which show a 5% increase in net income to $33.3mn. The loan portfolio shrank by 2.3% to $3.88bn, but a $92.9mn (27.4%) increase in share capital to $432.4mn helped to push up total assets by 2.1% to $7.07bn, which is still lower than the end-1984 asset total of $7.4bn. GIB has also announced...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!