NO. 36


Financial and Banking News

Regional Banking

Saudi Banks Perform Well, Putting Troubles far behind Them

Most Saudi banks enjoyed a vintage year in 1991, and are expecting tocontinue making healthy profits during 1992. The 1991 figures were buoyed byheavy trading in securities, high fixed interest rates locked in before ratesstarted falling, and good economic conditions in the Saudi economy as a whole.Banks admit that they are unlikely to repeat their performance on...