VOL. XXXIII
NO. 22
5-MARCH-1990
Financial and Banking News
Regional Banking
Saudi Hollandi Cuts Lending and Improves Profits
Al-Bank al-Saudi al-Hollandi, which is 40% owned by ABN Bank of theNetherlands, has cut its loan portfolio by 22% - the equivalent of SR773mn -during 1989. The bank's accumulated provisions cover 10.2% of its gross loanportfolio. Despite the drop in lending the bank's assets grew by some 5% as aresult of a SR1.1bn increase in its placements with banks, which were mainly...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!