VOL. XXXII
NO. 21
27-FEBRUARY-1989
Financial and Banking News
REGIONAL BANKING
ANB Maintains Provisioning
Despite a general trend among the larger Saudi banks to reduce the level ofloan loss provisioning during 1988, Arab National Bank (ANB), which hasconsistently been the most profitable bank in the Kingdom, has declared 1988provisions which are virtually identical with those in 1987. ANB's profits forthe year, at SR260.2mn ($69mn), were ahead of expectations, as there was a jumpin final quarter...
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!