VOL. XLIV
No. 29
16-July-2001
SAUDI ARABIA
NCB Reports Operating Profit Growth Of 38.2% For1H 2001 But Still No Net Profit Figures
Saudi Arabias largest commercialbank, National Commercial Bank (NCB), announced on 10 July that it had achievedoperating profits before provisions for the first half of the year of SR1.184bn($315.7mn) a 38.2% rise over the comparable figure for the previous year ofSR857mn ($228.5mn) but failed to reveal net profit for the period. In astatement, NCB said that net...
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