GIB Reports 1Q Profit Rise Of 38%...
Bahrain-based Gulf International Bank (GIB) reported on 1 May that its first quarter profits had risen to $38mn a 38% rise over the $27.5mn for the equivalent period last year. According to a statement from the bank, the increase reflects a rise in other income to $46mn from $12.3mn the previous year. This increase was attributed by the bank, to securities and equities trading activity "particularly in GIBs...
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