VOL. XXXII

NO. 36

12-JUNE-1989

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...