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MANAMA: The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank in which Bahrain owns three per cent stake, has posted a three per cent year-on-year (YoY) rise in net income for the year ended December 31, 2020 despite the fallout of the unprecedented coronavirus (Covid-19) global crisis – from $112 million in 2019 to $115m in 2020.
The key drivers include a 6pc YoY growth in corporate banking portfolio to $3 .
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