NO. 3


Financial and Banking News

Regional Banking

Saudi Bank Profits Up by Two Thirds

Third quarter profits for Saudi Arabia's banks are up two-thirds over theirlevel last year and are more than four times higher than in 1987. This is basedon the results of nine of the twelve commercial banks in the Kingdom, but excludes National Commercial Bank (NCB) which, as a private bank, is not obligedto report quarterly results, despite being the largest bank in the country,...