VOL. XXXIX
No. 18
29-January-1996
BAHRAIN
Bahrain Middle East Bank Announces Improved Profits In 1995
One of Bahrain's smaller offshore institutions, Bahrain Middle East Bank (BMB), has announced profits for 1995 doubled to $5.6mn. The improved results are in part attributable to a change in strategy implemented in the early 1990s whereby the bank moved away from commercial lending to an investment banking role, specializing in corporate finance, fund management and private banking, but...
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