VOL. XLIV

No 33

13-August-2001

BAHRAIN

BIBReports Further Profit Growth In 1H 2001

BahrainInternational Bank (BIB) announced on 6 August that it had achieved an 88% risein operating income, while net income reached $6.75mn in the first half of2000. In a statement, the bank attributed its improved performance toencouraging contributions from the banks investment securities and UK realestate business lines. Regional equity trading also gave a boost to earnings asthe major Gulf markets benefited...