VOL. XLVI
No 30
28-July-2003
BANK RESULTS
GIB Posts $61.5Mn Profits For First Half 2003
Gulf International Bank (GIB) has announced consolidated net income after tax of $61.5mn for the first half of 2003, down from $70.5mn in the first half of 2002. Net interest income stood at $86.6mn, down 15.3% from $102.3mn in 2002 as low interest rates brought about reduced earnings on the banks net free capital, said GIB. Improved margin income from both the core banking activity and the securities portfolio...
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