NO. 23


Financial and Banking News

Bank Results

Al Saudi Al Fransi Records Fourth Successive Profits Rise

Riyadh-based Al Bank Al Saudi Al Fransi increased its profits for the fourthyear in succession in 1991, and expects to maintain profit growth in future.The 1991 figure was 21% higher than in 1990. Net interest income fell by 4% toSR296mn due to lower international interest rates (the high proportion ofcurrent accounts paying no interest means that it is difficult for the...