NO. 48


Financial andBanking News

Regional Banking

Bahrain's Offshore Banks Produce Lower Profits In 1994

Though an unholy alliance of the US Office of Foreign Asset Control and theworld's bond markets conspired to dampen overall profitability in 1994,Bahrain's offshore banking sector remains fundamentally sound and is wellpositioned to return to profit growth in 1995. As with the Saudi banks, many ofBahrain's offshore banking units were badly burned by the bond markets...