VOL. XXXI
NO. 33
23-MAY-1988
Financial and Banking News
REGIONAL BANKING
SIB Halves Loan Portfolio, Declares $65mn Loss
The London-based Saudi International Bank (SIB), which is owned 50% by theSaudi Arabian Monetary Agency (SAMA) together with Morgan Guaranty (20%), BanqueNationale de Paris. Deutsche Bank, National Westminster Bank, Bank of Tokyo andUnion Bank of Switzerland (with 5% each), and National Commercial Bank (ofJiddah) and Riyad Bank with 2.5% each, has declared a loss for 1987 of 35mn...
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