VOL. XXXIX

No. 18

29-January-1996

BAHRAIN

CompetitiveEnvironment Causes Further Drop In Profits AtNBB

Despite a fall in expenses and staff costs, the largest on-shore bank in Bahrain has seen profits decline - for thesecond year in a row - by 15% in 1995. Net earnings at National Bank of Bahrain (NBB) were BD10.4mn ($27.6mn) in1995 compared to BD12.3mn ($32.6mn) in 1994 as total footings also fell, albeit after a dramatic increase in 1994.NBB did however maintain its high dividend of BD9mn (25%...