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(From Banking and Credit News)
BANKING AND CREDIT NEWS-April 30, 2012--Bahrain's Gulf International Bank reports 23% rise in Q1 2012 net income (C)2012 M2 COMMUNICATIONS http://www.m2.com
30 April 2012 - Gulf International Bank's net income advanced to USD31.8m (EUR24.0m) in the first three months of the year, an increase of 23% from the result in the same period in 2011, the Bahrain-based lender said on Sunday. The increase in income reflected stronger results across all income categories, with net interest income rising USD0.6m on the year to USD31.9m in the first quarter. Fee and commission income climbed 5% to USD15.4m in the period, while trading income more …