VOL. XXXII
NO. 29
24-APRIL-1989
Financial and Banking News
REGIONAL BANKING
SAIB Recovery Continues
The Saudi Arabian Investment Bank (SAIB), which suffered losses in 1985leading to its reorganization and restructuring, has continued its modestrecovery in 1988 with an increase in profitability from SR4mn to SR5.5mn.Underlying profitability has increased for the third successive year, and thehigher earnings allowed an increase in the bank's provisioning charge fromSR44mn to SR55mn. Loan loss...
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!