VOL. XXXVII
NO. 30
25-APRIL-1994
Financial and Banking News
Bank Results
GIB Reports 38% Profits Rise; Looks To Further Rise In 1994
Profits at Bahrain-based Gulf International Bank (GIB) rose by 38% to $88.2mnin 1993, mainly as a result of a large increase in non-interest income. The bankis proposing to distribute $45mn as a cash dividend, equivalent to 10% ofpaid-in capital, the same as last year. General Manager Ghazi 'Abd al-Jawadexpects that GIB will continue to increase its profits during the...
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