VOL. XLIV
No. 19
7-May-2001
BAHRAIN
Investcorp Posts Downturn In Net Profit For 2000 But Claims Business As Usual For 1Q 2001
Bahrain-based Investcorp achieved net income in 2000 of $70mn, a 44.4% reduction from the previous year which reflected the turbulent nature of global markets rather than a downturn in the quality of the banks investment activity. Interest income for the year rose by 21.0% and income from managed funds rose by 57.6%, but net investment banking income dropped by 62% while...
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