Gulf International Bank (GIB) Announces Interim Profits Of $44Mn
Bahrain-based Gulf International Bank (GIB) has announced an operating profit beforeprovisions of $54mn for the first six months of 1998, representing a drop of 16.5% overthe previous year's figures for the same period. After deducting provisions of $10mn, netprofit amounted to $44mn, equal to an 11.9% return on period-end shareholders' equity.Shareholder equity increased to $737.9mn, up 4.6%...
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