NO. 31


Financial and Banking News

Regional Banking

Three more Saudi Banks Declare Increased Profits

Three more Saudi banks have declared increased profits for 1990, followingthe trend set by the six other banks which have so far declared figures for lastyear. The only Saudi banks yet to publish results for 1990 are NationalCommercial Bank, Saudi Cairo Bank and Bank al-Jazira.

Riyad Bank declared a net profit of SR273mn, after provisions, but thenallocated a further SR400mn to...