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Gulf International Bank sees 4% 2011 profit lift

Bahrain’s Gulf International Bank (GIB) has recorded a net income after tax of $104.5m for last year, a 4 percent rise on 2010 revenues of $100.4m. Figures for the fourth quarter were also positive, topping $19.9m for 2011 compared with $14.3m in the fourth quarter of 2010. Year-on-year increases were…

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