Financial and Banking News
National Bank Of Bahrain Profits Fall 25%
National Bank of Bahrain has announced unaudited profits of BD12.3mn for1994, a 25% fall on the previous year. The bank blamed the decline on highercost of funding, which reduced the spread on its securities portfolio, anddifficult conditions in the bond market. Net interest income during 1994 wasalmost at the previous year's level, but "other income" collapsed toBD5.9mn from...