Financial and Banking News
Riyad Bank Declares Top Profits
Riyad Bank has declared profits of SR264.5mn ($70.5mn) for 1988 - the highestfigure reported by any of the banks in Saudi Arabia so far, and the bank's bestresults since the 1984/85 fiscal year. Riyad Bank maintained a relatively highlevel of provisioning against loan losses, bringing its total provisions takenover the past five accounting periods to SR1.56bn ($415mn), equivalent to about16%...
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!