VOL. XXXIII
NO. 17
29-JANUARY-1990
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...
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