VOL. XXXII
NO. 32
15-MAY-1989
Financial and Banking News
REGIONAL BANKING
NCB Earnings Decline as Heavy Provisioning Continues
The Jiddah-based National Commercial Bank (NCB) has released 1988 figureswhich indicate a steep decline in operating income and therefore buck thegeneral trend among banks in Saudi Arabia which have, for the most part,reported upbeat results. For the second consecutive year, all of NCB's incomehas been taken as a provisioning charge against bad and doubtful debt, bringing...
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