VOL. XXXVIII
NO. 21
20-FEBRUARY-1995
Financial and Banking News
Bank Results
Arab Banking Corporation Profits Fall Back After Exceptional Rise In 1993
Bahrain-based Arab Banking Corporation (ABC) has reported consolidatedprofits of $105mn for 1994, a 22% decline on the previous year. The bank offeredno explanation for the fall, but it can be assumed that the 1994 figuresrepresent a return to more normal levels of profitability after an exceptionalyear in 1993. The disposal of a 45% stake in ABC's...
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