Financial and Banking News
Saudi Fransi Increases Provisions
In contrast with most of the other profitable Saudi banks, whose loan lossprovisions have remained stable or have been decreased, Al-Bank al-Saudi al-Fransihas reported a 31% increase in its provisions during 1988. Nevertheless it stillmanaged a 34% increase in profits to SR86mn, with one third of this amount beingearned during the final quarter of the year. According to the bank's financial...