|
|
Article: Gulf International Bank says net profits rose 5 per cent in 1996.(Brief Article)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- January 31, 1997
CopyrightCOPYRIGHT 1997 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Gulf International Bank (GIB), the offshore commercial bank based in Bahrain, says its net profits rose by 5.2 per cent in 1996 to $94.5 million. The bank says a 6.5 per cent rise in total assets to $8,983 million reflects growth both in its loans and securities investment portfolios.
"The broad-based profit momentum was maintained with advances recorded in both interest and non-interest earnings, and continued containment of the expense base," a statement from GIB says. Full ...