VOL. XXXI
NO. 2
19-OCTOBER-1987
Financial and Banking News
REGIONAL BANKING
Arab Saudi Bank Improves in First Half
The Bahrain-based Arab Saudi Bank, which was formed this year on the basis ofa reconstituted and renamed Arab Solidarity Bank, has increased its first halfperformance by recording a $0.7mn profit this year compared with only $0.1mnduring the equivalent period last year and an overall loss of $3.45mn for thewhole of 1986. The bank's previous management contract with the State Bank of...
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