Middle East Economic Survey
VOL. LIII
No 9
01-March-2010
BAHRAIN
FEB Announces $14.2Mn Profit For 2009
Bahrain-based First Energy Bank (FEB) announced on 24 February that it had made a profit of $14.2mn in 2009 compared with $42,000 in 2008, the companys first full year of operations. FEB also reported a gross income of $47.41mn for 2009 as compared to $17.03mn in 2008. Total assets have increased from $1.021bn to $1.233bn in 2009 when compared to the previous year. Established in...
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