Financial and Banking News


Saudi Cairo Finally Releases 1985 Results 

Saudi Cairo Bank has finally released its financial results for 1985 which shows net income declining from SR101.3mn in l9B4 to zero in 1985. Assets remained static, at SR7,180mn while loans declined by 1% to SR3,920mn. Deposits were up by 1% to SR5,890mn, while loanloss provisions were cut from SR108.1mn in 1984 to SR91.lmn in 1985. According the bank's chairman, Mr. 'Abd al-'Aziz...