VOL. XLIV

No. 22

28-May-2001

BAHRAIN

BIB Achieves 1Q 2001 Profit Of $538,000, Higher Than Year 2000 Net Income

Bahrain International Bank (BIB) announced on 16 May that it had achieved a net income for the first quarter of 2001 of $538,000 compared to $291,000 for the same period the previous year a rise of 84.8% year-on-year and a 72% increase over that achieved for the whole of 2000 (MEES, 2 April). In a press statement the bank said it had improved the quality of its asset portfolio during...