VOL. XXXII
NO. 2
17-OCTOBER-1988
Financial and Banking News
REGIONAL BANKING
Saudi Fransi Reports 26% Increase in lQ-3Q Profits
Al-Bank al-Saudi al-Fransi last week published unaudited results for thefirst nine months of 1988 which showed a 26.1% increase in its profits fromSR45.5mn to SR57.4mn ($15.3mn). For the third quarter alone, 1988 profits wereSR11.2mn compared with SR4.8mn for the third quarter of 1987, but this increasewas directly attributable to a reduction in third quarter loan loss...
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