VOL. XL
No. 42
20-October-1997
BAHRAIN
Bahraini Onshore Banks Produce Solid 1996 Results
Total assets of the Bahraini onshore banks dropped fractionally in 1996 to $5,868mnmainly as a result of a fall in holdings of investment securities at the island's biggestbank, National Bank of Bahrain (NBB). The only other institution to report a drop wasGrindlays Bahrain, the island's smallest bank. NBB, which is 49%-owned by the Governmentof Bahrain, has since reported a rebound in total assets to...
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