Financial and Banking News
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...