VOL. XXXVI
NO. 22
1-MARCH-1993
Financial and Banking News
BANK RESULTS
Foreign Exchange Earnings Help TAIB Increase Profits
Bahrain-based Trans-Arabian Investment Bank (TAIB) has declared profits of$4.1mn for 1992, a 28% increase on 1991, but below the levels recorded in recentyears. Net operating income was down a little on 1991 and operating expenses upslightly. Provisions were increased. However, these features were more thanoffset by a fall in the bank's share of losses in associated companies....
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