VOL. XLV

No 38

23-September-2002

BAHRAIN

Bahrain Onshore Banks Enjoy Solid Results in 2001

Bahrain’s onshore banks put in a good performance for 2001, with the four larger banks included in this survey (the full onshore sector comprises 22 banks) collectively posting a 16.6% climb in profits, a 20.5% jump in equity, a 5.8% increase in assets and an 11.2% increase in customer deposits, although lending edged down 2.7%. These strong results came about despite the volatile...