Middle East Economic Survey
GIB Profits Top $113.5Mn In 1H05
Gulf International Banks (GIB) net profits reached $113.5mn for 1H05, representing a 70% increase over the same period last year. The rise reflects increases in all income categories, but more specifically in non-interest earnings. Consolidated net assets reached $20.7bn while shareholders equity amounted to $1.6bn. GIBs balance sheet-related financial ratios remained strong with the liquid asset...