VOL. XXXII
NO. 5
7-NOVEMBER-1988
Financial and Banking News
REGIONAL BANKING
Riyad Bank and Saudi British Post Uncertain Recovery
Riyad Bank, the second largest commercial bank in Saudi Arabia, has postedthird quarter results which show a big increase in profitability, but which oncloser inspection appear to be based on uncertain foundations. Profits for thefirst nine months of the year rose from SR86.9mn in 1987 to SR180.6mn in 1988,but this was achieved entirely as a result of a dramatic...
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