Financial and Banking News
Saudi Bank Profit Decline Bottoms Out in 1987
Of the eleven commercial banks in Saudi Arabia, eight have reported resultsfor 1987, and the trend clearly shows that the steep decline in profitabilityover the two previous years has now been halted. Aggregate profits for the eightbanks were in fact marginally higher in 1987 than in 1986, although they arestill far below the 1984 level. Expressed in terms of aggregate return on...