VOL. XLIII

No. 03

17-January-2000

SAUDI ARABIA

Renewed Optimism At NCB

Despite a fall in profits of 5.1% in the first nine months of 1999 and a drop in assets of 7.6% for the same period, management at Saudi Arabias oldest and largest bank, National Commercial Bank (NCB) is optimistic about the future. In a recent report in the Arabic daily Asharq al-Awsat, on 2 January NCBs Chairman of the Board and Managing Director, Mr 'Abd Allah Salim Bahamdan, said that although the increase would be...