VOL. XLIV

No 34

20-August-2001

BAHRAIN

Gulf International Bank Reports 13% Rise In 1H Profits

Bahrain-basedGulf International Bank (GIB) announced on 14 August that it had achieved a netprofit of $73.1mn in the first half of 2001 a 13% rise over the previousyears equivalent figure of $64.7mn. In a statement, the bank attributed therise to higher net interest earnings, a lower level of provision and areduction in expenses, which together more than offset a decrease innon-interest earnings...