NO. 20


Financial andBanking News

Bank Results

ABC Announces 71% Profit Increase For 1993

Bahrain-based Arab Banking Corporation (ABC) has announced profits of $135mnfor 1993, a 71% increase on the previous year. In 1992, ABC posted a 76%increase in profits. No figures have been released for the balance sheet, butthe full results will be available after the bank's shareholders' meeting whichwill probably be held towards the end of March.

 1993 1992 1991 1990 1989($mn)Net...