VOL. XLV

No 17

29-April-2002

SAUDI ARABIA

NCB Reports 1Q 83% Rise In Profits, Citing ExceptionalCapital Gains

Saudi Arabia痴 National Commercial Bank (NCB) saidon 22 April that its first quarter net operating profit before provisions forloans and advances had climbed 83% to SR734mn ($195.7mn) from SR402mn ($107.2mn)in the same period last year. Of the increase, SR168mn ($44.8mn), or aroundhalf, represented exceptional capital gains from transactions in securities andreal estate. NCB achieved a...