VOL. XXXVI

NO. 17

25-JANUARY-1993

Financial and Banking News

BANK RESULTS

Bank of Sharjah Issues Results for 1991, Including Debt Write Off Details

Bank of Sharjah has issued a revised balance sheet and profit and lossstatement for 1991, taking into account the rescheduling of Sharjah Governmentdebt in November 1992. The revised figures, which are audited and were passed bythe bank's general assembly on 16 January, show an exceptional loss of Dh32.1mn($8.7mn) in 1991, leaving a net

loss of Dh15.8mn...