VOL. XLIV
No. 14
2-APRIL-2001
BAHRAIN
Bearish Global Market Sentiments Hits Bahrains Offshore Banks
Bahrain International Bank (BIB) announced on 25 March that its net income had fallen from $30.3mn in 1999 to $313,000 in 2000, due mainly to reduced operating revenues, a rise in operating expenditures and an increase in provisioning costs. In a statement, the bank announced that operating revenues fell to $22.5mn from $48.2mn due to the "continued postponement of several investment realizations...
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