NO. 2


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...