NO. 21


Financial and Banking News

Bank Results

Four More Saudi Banks Report Increased Profits

Four more Saudi joint-venture banks have reported increased profits during1990, continuing the trend set by the Saudi British Bank and United SaudiCommercial Bank (MEES, 21 January and 4 February). Al-Bank Al-Saudi Al-Fransi'sprofits rose by 26%, while those at Saudi American Bank (Samba) were up by 25%.The rises at Arab National Bank (ANB) and Saudi Hollandi Bank were slight,...