Wednesday 26 June 2013

Only 3 banks consistently profitable over the part 4 years

British Arab Commercial Bank Plc tops the latest Pre-Pax Profit Growth Table due to a leap back to the sort of figure that we would expect (£13,555,000 for 2012) against a relatively low base of £209,000 for 2011. Both Adam & Co Plc and United National Bank Ltd record growth of over 1000% for much the same reason.

It is therefore useful to look at the average for the last four years.

Although, once again, the growth for British Arab Commercial Bank Plc of 6385% for 2012 compared to 2011 has put it at the top of the 4 year average table, for two of the comparative years there has been a fall in profit.

There are only three banks that have shown an increase in profit each year over the past four years. they are
Vanquis Bank Ltd, ABC International Bank Plc and Standard Chartered Bank.

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