Financial and Banking News
GIB Shows 52% Increase In Interim Profits
Bahrain-based Gulf International Bank (GIB) continued to improve during thefirst half of 1993, declaring interim profits of $38.8mn, a 52% increase on lastyear. The key increases in revenue came from interest on investment and tradingsecurities, which doubled to $44.1mn, and non-interest income, which increasednearly three times to $32.5mn. Interest on placement and money market...