Financial and Banking News
Saudi British Bank Makes Emphatic Recovery
The Riyadh-based Saudi British Bank (SBB) has posted results for 1989 showingan emphatic recovery after four years of poor performance which culminated in amajor restructuring of its balance sheet at the end of 1988. SBB has reportedprofits of SR123mn in 1989, equivalent to a 1.03% return on average assets andan 18.13% return on average equity. The bank gave the first...