VOL. XXXIV
NO. 2
15-OCTOBER-1990
Financial and Banking News
Regional Banking
Saudi Banks Show Increased Profits but Deposits Fall
Saudi bank results for the first nine months of this year give an indicationof the outflow of deposits from the Kingdom as a result of the Gulf crisis.Customer deposits of the seven commercial banks which have reported thirdquarter results were down SR9,174mn ($2,446mn) from the figures reported for 30June. The biggest losers were Al- Rajhi, whose customer deposits were...
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