VOL. XL

No. 04

27-January-1997

BAHRAIN

Al-Ahli Bank Of Bahrain Sees Profits Up In CompetitiveMarket

Bahrain-basedal-Ahli Bank has produced netprofits of BD6mn ($16mn) in 1996, an increase of 13% over the previous year, a resultwhich Chief Executive Michael Fuller describes as pleasing in light of market conditionswhich "have not been too easy over the last year." On the balance sheet, thebank also saw its total assets increase by 10% to BD237mn ($629mn) as loans grew by 7% toBD137mn ($363mn)....