VOL. XXXVI
NO. 22
1-MARCH-1993
Financial and Banking News
BANK RESULTS
ALUBAF-Bahrain Returns to Profit, despite Libyan Embargo
Bahrain-based ALUBAF Arab International Bank has declared profits of $512,000for 1992, despite extraordinarily difficult trading conditions arising from theinternational embargo against Libya. Following a recapitalization exercise inlate 1991, Libyan Arab Foreign Bank (LAFB) owns 94% of the bank (MEES, 16 March1992). The two main elements behind ALUBAF's recovery in 1992...
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