VOL. XXXVII
NO. 42
18-JULY-1994
Financial and Banking News
Bank Results
Bahrain International Bank Increases Profits, Diversifies Funding
Bahrain International Bank (BIB) has reported a 13% increase in net incomeduring the first half of 1994, largely as a result of an increase in fees andinvestment gains. Net interest income also improved. These gains more thanoffset the 32% increase in operating expenses. This increase is mainly due torising staff numbers as the bank builds its management team....
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