Browse
related articles
IIB reports net H1 loss
- Bahrain: Wednesday, August 26 - 2009 at 13:01
Bahrain-based International Investment Bank has reported a net loss of $1.4m for the first half of 2009, compared to a net profit of $11.3m for the same period last year. Total H1 income was $3.8m, while Capital Adequacy Ratio was 66%, IIB said. The bank said the loss was down to a reduction in investment banking transactions and lower profit rates applicable to bank placements, because the bank has slowed down its investment activities, due to the current market situation.
Related Content
Article Options
StaffWednesday, August 26 - 2009 at 13:01 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
