VOL. XLVI
No 8
24-February-2003
BAHRAIN
S&P Revises Outlook On Arab Banking Corp To Stable From Positive
Standard & Poors said on 17 February that it had revised its outlook on Bahrain based offshore bank, Arab Banking Corporation (ABC), to stable from positive as a result of its failure to sustain the momentum of improvement in its profitability. ABC is substantially increasing its loan-loss provisions as a result of the difficult environment in the US, Middle East and Latin America and...
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