Financial and Banking News
Riyad Bank Profits Surge
Riyad Bank has released unaudited financial results for the first half of1989 which show a 181% increase in profits to SR191mn, compared to SR68mn in thecorresponding period of 1988. The bank's profits were the highest so far amongthe Saudi banks which have already reported their first half results. RiyadBank's loan portfolio (less provisions) increased slightly to SR10.183bn atthe end of June 1989...