VOL. XXXI
NO. 21
29-FEBRUARY-1988
Financial and Banking News
REGIONAL BANKING
Saudi French Results Slump further, ANB and Samba Recover
Results published last week by al-Bank al-Saudi al-Fransi (Saudi French Bank)show a continued decline in profitability. Pre-tax income was down by nearlyone-third to SR64.4mn in 1987, compared with SR110.4mn in 1985, the declinebeing all the more noticeable because of a sharp reduction in loan lossprovisions from 1986's peak level of SR148mn to SR88.2mn in 1987....
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!