VOL. XXXIII
NO.18
5-FEBRUARY-1990
Financial and Banking News
Regional Banking
Samba Reports Strong Growth in Profits, Assets
Saudi American Bank (Samba) has announced record profits for 1989 ofSR421.7mn ($112.5mn), with its 10% asset growth largely accounted for by higherdeposits being placed on the overseas interbank market. Samba's profits werewell ahead of expectations, and reflected a SR145mn increase in its net interestand fee income to SR894mn, while operating costs were held practically...
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