Financial and Banking News
LOANS AND ISSUES
NCB Reveals Holdings of SAMA Development Bonds
The financial statement for 1989 released by National Commercial Bank (NCB)of Saudi Arabia incorporates the first official indication of how the Saudigovernment's development bond program has been received by the country's bankingsystem. NCB's figures show that SR1,955mn worth of the bonds, issued by theSaudi Arabian Monetary Agency (SAMA), were held on its books at the end of...