FX Markets

Gulf International Bank Upgrades Bahrain Treasury Operations

BANKS

The Bahrain-based Gulf International Bank (GIB) is embarking on an upgrade of its head office dealing room to put in place people and systems necessary to introduce new treasury products, bank sources say.

Although GIB declines to give specific details, the bank has been encouraged to invest in treasury operations by its solid performance in 1992 and the growing sophistication of the Gulf marketplace, which GIB confidently asserts is set for "rapid expansion for the rest of the 1990s."

GIB is now

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