VOL. XXXII

NO. 36

12-JUNE-1989

Financial and Banking News

REGIONAL BANKING

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...