Gulf International Bank Seeks New Growth In Foreign Exchange Dealing
BANKS
Bahrain-based Gulf International Bank (GIB) is putting a renewed emphasis on treasury services, especially foreign exchange, money markets and derivatives, according to general manager Ghazi Abdul-Jawad.
The bank was recapitalized and restructured in the first half of 1991 after withstanding an effective run on the bank the previous year and a $522 million loss. GIB, once the flagship wholesale bank of the conservative Arab Gulf states, then refocused its operations on the Gulf region, retreating
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