NO. 17


Financial and Banking News

Regional Banking

USCB Reports Huge Profit Growth

United Saudi Commercial Bank (USCB), the youngest and until recently one ofthe sickest of the country's "Saudi-ized" commercial banks, has asexpected reported a big increase in profits from SR20.7mn to SR93.4mn ($25mn),which is equivalent to a return on average equity of 34.31% and a return onaverage assets of 1.97%. By retaining all 1989 profits, and transferring SR68mnto general and...