Financial And Banking News
UBAF-ParisDoubles Profits But Profitability Remains Low
Paris-based Union de Banques ArabesetFrancaises(UBAF)
more than doubled its profits toFF38.1mn in 1992.Operating revenues increased by 11% toFF626.9mn and salaries and
administrative expenses were keptunder control. Provisions and write offs,in all their various forms,increasedby
11% to FF295mn and still represent a major drag on profits. Returnsonaverageassets and...