VOL. XXXVII
NO. 22
28-FEBRUARY-1994
Financial and Banking News
Regional Banking
Bahrain International Bank Declares 11.7% Increase In Profits
Bahrain International Bank (BIB) has declared profits of $15.3mn for 1993, anincrease of 11.7% over 1992. The balance sheet grew by 37.5%, to $461.9mn from$335.9mn in 1992, exceeding the 1989 level of $425.8mn. The boost in totalassets is attributed to the implementation of the bank's new strategy, devisedin 1992 and designed to make BIB a leading investment...
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