Financial and Banking News
ABC Announces Increased First Quarter Earnings
Bahrain-based Arab Banking Corporation (ABC) has declared unaudited pre-taxprofits, on a consolidated basis, of $34mn for the first quarter of 1993, anincrease of 17% on 1992. Operating profits rose by 27% to $55mn. Assets at theend of March were $19,314mn, compared to $19,141mn at the end of March 1992 and$19,490mn at the end of December 1992.
ABC's Madrid-based subsidiary, Banco...