NO. 45


Financial and Banking News

Bank Results

ABC Shows Increases Profits

In First Half Manama-based Arab Banking Corporation (ABC) has reportedpre-tax profits of $79mn for the first half of 1994, a 7% increase on the firsthalf of 1993. Operating profits were $121mn compared to $133mn. Total assetswere $19bn, compared to $18.4bn at the end of December 1993 and $19.8bn at theend of June 1993. Loans were $10.6bn, compared to $9.8bn at the end of 1993 and$10.3bn at the end...