VOL. XLIV

No 32

6-August-2001

BAHRAIN

ABC Reports 10% Rise In 1HProfits

Bahrain-based Arab BankingCorporation (ABC) investment bank reported on 30 July that it had achieved anet profit of $74mn in 1H 2001, representing a 10% increase over the figure of$67mn in the corresponding period of 2000. Operating profits at the bankincreased by 10% to $159mn, while loan loss provisions were reduced by 13% to$34mn. In a statement, the bank confirmed that the groups total assets as of30 June stood at...