VOL. XLIV

No 36

3-September-2001

BAHRAIN

Bahrains Offshore Banks Record 15.4% Downturn In Year 2000 Profits

Bahrains offshore banking sector continues to display significant disparities in terms of activity, size and performance, calling into question the franchise of individual institutions and, to some extent, the future of the offshore sector as a whole in light of global moves towards fiscal harmonization. The eight banks included in this survey recorded a sectoral decline in net...