Financial and Banking News
Saudi Fransi Reports Moderate Profit Decline
The first Saudi bank to report full-year results for 1986 was al-Bankal-Saudi al-Fransi, which last week announced a 14% decline in net profits toSR94.9mn ($25.3mn). The end- year announcement was slightly better than thatindicated by the bank's nine-month results (MEES, 9 February), partly as aresult of lower-than-expected loan loss provisioning, which neverthelessincreased...
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