VOL. XXXVI

NO. 23

8-MARCH-1993

Financial and Banking News

BANK RESULTS

Bahrain Int'l. Bank Declares Increased Profits as New Strategy Takes Shape

Bahrain International Bank (BIB) has declared profits of $13.7mn for 1992, an9% increase on the previous year. The balance sheet grew by 11% to $335.9mn, itshighest level since 1989. The bank will pay a 6.5% dividend for the year, upfrom 6% in 1991. Last year marked the beginning of a new strategy for the bank,which has set its sights on becoming the...