VOL. XXXV
NO. 23
9-MARCH-1992
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...
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