NO. 17


Financial and Banking News

Bank Results

Bahrain International Bank Announces Higher Profits, Record Dividend

Bahrain International Bank (BIB) has announced profits of $15.3mn for 1993, a12% increase over 1992. A 7.5% dividend is proposed, which, if agreed, will bethe highest ever distributed. Assets stood at $462mn at the end of 1993, up 38%,and shareholders' equity was $193mn, up 1%. The bank plans to issue full figuresin advance of its Annual General Meeting,...