Financial and Banking News
ABC Announces Profits up 76%
Arab Banking Corporation (ABC) has announced net profits of $79mn for 1992, a76% increase over the previous year. The bank says that its operating profitsrose by 15% to $213mn and pre-tax profits by 13% to $102. The results representABC's best performance since 1988. These figures refer to the consolidatedstatements of the ABC group. Full figures will be published following the bank'sgeneral...