Bahrain offshore bank assets rise

MANAMA Assets of offshore banking units operating in Bahrain jumped to $83.38 billion at the end of 2003 from $58.82 billion in 2002, BMA figures showed on Tuesday.

By (REUTERS)

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Published: Thu 26 Feb 2004, 12:07 PM

Last updated: Wed 1 Apr 2015, 11:55 PM

The bulk of the rise was apparently due to the return to Bahrain of assets worth $30 billion that US financial giant Citibank had withdrawn from the state late in 2002 as a precaution ahead of the US-led invasion of Iraq.



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