VOL. XLVI

No 25

23-June-2003

BAHRAIN

BANK RESULTS

Challenging 2002 Brings Mixed Results For Bahraini Banking Sector

Weaker global financial markets and a slip in interest rates proved challenging for Bahrains major banks which saw profits tumble to $228.2mn from $356.7mn in 2001 (2002 figures do not include Bahrain International Bank (BIB) or BMB Investment Bank which have yet to report their results). On the whole, the five onshore banks included in this survey were shielded from the troubled...