VOL. XLIV
No. 20
14-May-2001
SAUDI ARABIA
NCB Puts Out Quarterly Statement But Still No Audited Accounts
The financial results of Saudi Arabias largest bank, National Commercial Bank (NCB), continue to remain under wraps other than in broad headline terms, with the latest statement issued revealing 1Q 2001 net operating profits of SR552mn ($147.2mn) a 36.4% increase over the previous year but not much else. The bank gave no information regarding net income, noting simply that net total loans...
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