VOL. XXX

NO. 21

2-MARCH-1987

Financial and Banking News

REGIONAL BANKlNG

Samba Profits Halved, Loan Book Slashed

Saudi American Bank (Samba) last week released its results for 1986, whichshowed a halving of net profits from SR174.5mn to SR80.7mn ($21.5mn), and a25.5% reduction in the loan portfolio from SR5,261mn to SR3,920mn ($1.05bn).Loan loss provisioning amounted to SR180.3mn ($48mn), compared with SR103.9mnin 1985. Loans actually written off increased from SRO.3mn to SR18.3mn,provisions...