VOL. XLIV

No. 05

29-January-2001

BAHRAIN

TAIB Announces Record Profits Of $15.5Mn

Bahrain-based TAIB Bank announced on 20 January that it had achieved profits of $15.5mn in 2000, a rise of 19% over the previous year and its largest profits to date despite difficult global capital market conditions. In a statement, the bank pointed out that despite economic adversities it achieved operating revenues of $39.2mn and a net operating income of $21.8mn for 2000. It also said that it had increased...