Financial and Banking News


NCB Reports 8% Fall in Profits 

Jiddah's National Commercial Bank (NCB) reported an 8.2% drop in profits to SR499.5mn ($139mn) for the year ending 25 September 1984, as a result of a 27% increase in operating expenses which outstripped a 22% increase in total income. Total assets were up 9% to SR90.63bn ($25.2bn), the loan porfolio shrunk by 6% to SR20.03bn ($5.6bn), and deposits with banks abroad mushroomed by 37% to SR25.29bn ($7bn).