VOL. XLIV

No 45

5-November-2001

BANKRESULTS

ABC Reports 5% Rise In 3Q Profits

Bahrain-based Arab BankingCorporation (ABC) announced on 30 October that it had achieved a net profit of$103mn in 3Q 2001 an improvement of 5% over the $98mn in 3Q 2000. In astatement, the bank said that its total assets for the same period amounted to$27,003mn, a rise of 1% compared to the $26,676mn as at 31 December 2000, andthat the banks liquidity remained strong. The banks ratio of liquid assets todeposits stood...