NO. 16


Financial and Banking News

Bank Results

United Saudi Commercial Continues Profits Growth, Will Issue Bonus Shares

Riyadh-based United Saudi Commercial Bank (United) is again the firstcommercial bank in the Gulf to publish its annual results. The bank declared a33% increase in profits for 1991, and a 31% increase in asset size.Profitability stayed high. The return on average equity was 31.62%, which shouldensure that the bank remains one of the most profitable...