VOL. XLIV

No 43

22-October-2001

SAUDI ARABIA

NCB Reports 3Q 31.7% Rise InProfits, Still No Audited Accounts

Saudi Arabias National CommercialBank (NCB) announced on 10 October that it had achieved a net operating profit,before provisions for loans and advances, of SR1.73bn ($461mn) for 3Q 2001,representing a rise of 32% over the previous years equivalent figure ofSR1.31bn ($350mn). According to an official statement, NCB achieved a return onaverage assets of 1.9% for the period, compared to 1.7%...