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Investcorp Bank BSC suffers $780.6mln loss on investments

Posted on 20 August 2009

From Gulfnews.com: Investcorp Bank BSC, the Bahrain-based alternative investment firm with $17.6 billion (Dh64.5 billion) of assets under management, posted a full-year loss as fee income declined and it wrote down the value of investments.

The net loss was $780.6 million, or $1.12 a share, in the year ended June 30, after a profit of $151.1 million, or $0.212, a year earlier, Investcorp said yesterday in a statement………..Full Article: Source

 
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