NO. 41


Financial and Banking News

Regional Banking

Saudi Banks Improve Performance but Some Problems Remain

Eleven of Saudi Arabia's 12 commercial banks declared their 1989 results bythe 30 June deadline set by the Saudi Arabian Monetary Agency (SAMA). Eightreported improved profits, with the Islamic bank Al-Rajhi Banking and Investment Corporation remaining the best performer, far ahead of its rivals with areturn on average assets of 6.46%, which will probably be the...