VOL. XXXI

NO. 30

2-MAY-1988

Financial and Banking News

REGIONAL BANKING

Saudi First Quarter Results Show Higher Earnings and Reduced Loans

The five Saudi banks which have so far reported first quarter results for1988 all show increased profitability, but their loan portfolios have eitherbeen reduced sharply or left largely unchanged from figures published at the endof December 1987.

The largest percentage increases in income were recorded by Saudi AmericanBank (MEES, 25 April) and Saudi British...