VOL. XXXIII
NO. 30
30-APRIL-1990
Financial and Banking News
Regional Banking
Saudi International Bank Declares Loss to Clear Bad Loans
London-based Saudi International Bank (SIB) has declared a loss of 11.7mnfor 1989 after making an exceptional charge of 21.5mn against country risk. Asa result, the bank says that it has now eliminated its exposure to problemdebtor countries. The loss has been covered from reserves, with the result thatshareholders' equity has fallen by 6.4mn to 181.7mn. Operating...
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