Middle East Economic Survey


No 33


Bahraini Banking Sector Recovers In 2003 From Profit Slide

After a disappointing 2002 which was marked by a slide in profitability, and in some cases a dip into the red, Bahrains banking sector was able to post a strong recovery. The profits for the eight offshore and five onshore banks included in this survey climbed to $529.3mn ($1=BD0.377) in 2003 from the $185.1mn seen in 2002 (Bahrain International Bank (BIB) and BMB Investment Bank...