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Islamic Finance Briefing - Categorized | Finance, Performance more

GFH loss narrows after cutting costs, liabilities

Posted on 20 August 2010

From Bloomberg: Gulf Finance House EC said its first-half loss narrowed after it cut costs and liabilities as the Bahrain-based investment bank restructures its business.
The loss was $47.7 million after $92.1 million in the year- earlier period, the Manama-based bank said in an e-mailed statement today. Expenses fell 54 percent to $73.6 million, while liabilities were reduced to $965 million at the end of June from $1.8 billion a year ago……………………………………….Full Article: Source

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