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Arab Banking posts $71m net loss

  • Bahrain: Monday, August 04 - 2008 at 09:02

Arab Banking Corporation (ABC) has reported a net loss of $71m for the second quarter of this year, due to continued deterioration in market values, mainly attributable to the subprime mortgage crisis, The Bahrain Tribune has reported. However, performance from core business activities generated a total income of $192m, an increase of 15% compared to the same period last year.

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