VOL. XXXI
NO. 29
25-APRIL-1988
Financial and Banking News
REGIONAL BANKING
SAIB Results Show SRl0mn Write-Off
Detailed results for 1987 published by Saudi Investment Bank (SAIB) show thatthe bank wrote off SR10mn ($2.7mn) worth of bad loans during 1987, after a SR4mnwrite-off the previous year. The results show that the bank succeeded in cuttingits operating costs for the fourth successive year to SR49.4mn (31% below the1983 level), while increasing its net interest income from SR70.4mn to...
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