NO. 18


Financial and Banking News

Bank Results

Saudi British Bank Continues to Increase Profitability

Riyadh-based Saudi British Bank has declared profits of SR250.5mn ($67mn) for 1991, a 30% increase on the previous year. The bank's profitability ratios were also higher than in 1990. The board is recommending a net dividend of SR20 per share, compared to SR15 per share in 1990. Gross operating in- come was down slightly on the previous year due to a decline in interest...