VOL. XXXI
NO. 42
25-JULY-1988
Financial and Banking News
REGIONAL BANKING
Saudi Banks' First Half Desalts Show Higher Earnings
The seven Saudi Banks which have so far reported their unaudited first halfresults for 1988, have almost doubled their profitability to SR347.4mn ($92.6mn)from SR176.2mn ($47.0mn) in the first half of 1987, with a fall in provisioningfor bad debts to SR238.5mn ($63.6mn) from SR265.9mn ($70.9mn). According tobanking sources, the improvement in profitability, which began in...
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