VOL. XXXIX

No. 23

4-March-1996

BAHRAIN

Announces Profits Up 11%

One of the smaller offshore banking units in Bahrain, Bahrain International Bank (BIB), has announced an 11% increase in net earnings to $18.7mn for 1995 and a recommended dividend also increased to $13.9mn from $13.1mn. Net interest income, the largest contributing stream, declined in 1995 by 15% to $16.0mn, but this fall was offset by a jump of nearly 50% in the "other income" category to $13.4mn. This includes a gain on...