Financial and Banking News
GIB Reports 37% Increase in Profits
Bahrain-based Gulf International Bank (GIB) announced on 26 January that ithad a net profit of $63.7mn, a 37% increase over 1991. Total assets rose to$6,340mn, up 8.2%, on 1991. Full figures will be released following the bank'sgeneral assembly, scheduled for 20 February. GIB is owned by the Gulf InvestmentCorporation, which is in turn owned by the six member states of the GCC.
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!