Financial and Banking News
Saudi Fransi Shows Modest Improvement
Al-Bank al-Saudi al-Fransi, which is 40% owned by Banque Indosuez, hasreported a modest improvement in its financial performance during 1989. Thebank is far more liquid than in the previous year, having reduced its lending by3.7% and increased its total deposits by 6.3%. The bank completed its move to anew head office in Riyadh during the summer of 1989, and has cut its staff bysome...