VOL. XXXVII
NO. 30
25-APRIL-1994
Financial and Banking News
Bank Results
Arab Banking Corporation Shows 71% Profit Increase During 1993
Bahrain-based Arab Banking Corporation (ABC) has reported profits of $135mnfor 1993, a 71% increase on the previous year. Most of the increase wasaccounted for by the $51mn realized from the sale of some of the bank's sharesin Hong Kong-based International Bank of Asia (IBA), although the incomestatement was also boosted by a $40mn cut in operating expenses. Total...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!