Financial and Banking News
Arab Banking Corporation Shows Strong Nine-Month Earnings
Arab Banking Corporation (ABC) has declared unaudited operating profits of$207mn for the first nine months of the year, an increase of 13.1% over thefirst nine months of 1992. ABC reported operating profits (before provisions) of$244mn for the whole year 1992. Pre-tax net profits during the first nine monthswere $103mn, compared to $79mn in the corresponding period in...