VOL. XLVI
No 9
3-March-2003
SAUDI ARABIA
NCB Announces 26% Jump In Profits For 2002
The Chairman of Saudi Arabias National Commercial Bank (NCB), Shaikh 'Abd Allah Bahamdan, has announced net profits for the year 2002 of SR2.4bn ($640mn) - an increase of 26% over 2001. Total assets increased by 9% from SR98bn ($26.1bn) to SR107bn ($28.5bn). According to Bahamdan, NCBs main strategies include focusing on consumer banking, expanding Islamic banking services, and investing in improved customer...
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