VOL. XXXVIII

NO. 32

8-MAY-1995

Financial and Banking News

Bank Results

Bahrain International Bank Sees 10% Profit Growth In 1994

Bahrain International Bank (BIB) has announced profits of $16.7mn for theyear to 31 December 1994, as compared to $15.3mn in 1993. The growth in profitsis mainly attributable to gains on the sale of investments, more than doubledat $3.6mn, and fee and other income, more than trebled at $4.6mn, in line withthe bank's strategy of developing its corporate finance and...