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...