Financial and Banking News


ABC Reports 1O% Increase in Mid Year Profits

The Bahrain-based Arab Banking Corporation (ABC) has announced a 10% advance in its profits for the first half of the year to $76mn compared with $69mn during the equivalent period of 1984. The consolidated figures represent the activities of the ABC Group, which includes subsidiaries in Germany (ABC-Daus), Monaco (ABC Banque Internationale de Monaco), Spain (Banco Atlantico) and Hong Kong (Sun Hung...