VOL. XXXII
NO. 44
7-AUGUST-1989
Financial and Banking News
REGIONAL BANKING
Saudi First Half Results Show Big Profit Increases
Unaudited results for the first six months of the year for five of SaudiArabia's 12 commercial banks show a big increase in profits (by 56% inaggregate) which is only partly attributable to a decline in the rate of loanloss provisioning. Saudi banks have, for the most part, already reported asignificant improvement in profitability at the end of last year (MEES, 12June).
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