Financial and Banking News
ABC Declares 14% Increase In First Half
Bahrain-based Arab BankingCorporation (ABC) has declared pre-tax profits of $74mn for the first half of1993, a 14% increase over last year. Operating profits were up 7% at $133mn.Total assets of the ABC group were $19.8mn, down from $10.1mn at the end of June1992. Loans fell to $10.3mn from $11,1mn. Deposits fell to $15.4mn from $16.9mn(although the end-June 1993 figure represents an...