Financial and Banking News

REGIONAL BANKING

SIB Pretas Profits Drop 18% 

Saudi International Bank (SIB), which is based in London and is 50% controlled by the Saudi Arabian Monetary Agency, registered an 18% decline in its pre-tax profits from £23.3mn in 1984 to £19.1mn in 1985. Profit attributable to shareholders slipped from £11.6mn to £11.1mn, which total shareholders' funds increased from £186.1mn to £189.2mn (despite a reduction in the...