VOL. XLIII

No. 19

8-May-2000

BANK RESULTS

And ABC Reports A Profit Increase Of 14%

Arab Banking Corporation (ABC), also based in Bahrain, issued a statement on 30 April reporting that its net profit for 1Q 2000 had risen by 13.8% to $33mn compared to $29mn the previous year. Total assets for ABC stood at $24.7bn compared to $24.3bn for the same period the previous year and $24.4bn at the end of 1999.

Net income for the period fell by 7% from $114mn in 1999 to $106mn in 1Q, but non-interest income...