No 32



BMB Reports Smaller Losses In 1H 2001

Bahrain Middle East InvestmentBank (BMB) announced on 30 July that it had achieved a net operating loss of$12.9mn for 1H 2001 a 20% improvement compared to the figure in thecorresponding period of the previous year. In a statement, the bank explainedthat around 93% of the loss was incurred in the first quarter as a result ofthe bank scaling back its activities in all areas of the trading business.(BMB reported a net...