Al-Ahli Consolidates Its Retails Position And Prepares To Boost Fee Income
Bahrain-based Al-Ahli Bank recorded pre-merger profits of BD6.9mn ($18.30mn) for 1999 a 4.5% increase over the previous year and average annual growth of 12% since 1994. The bank also recorded a rise in assets of 5.7% to BD325.6mn ($863.6mn) in 1999, a 10% increase in its lending portfolio and a 1.4% increase in customer deposits to BD236.8mn ($628.1mn). Total income before...
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