VOL. XLIII

No. 07

14-February-2000

BANK RESULTS

More Arab Banks Report Solid 1999 Profit Levels

The latest bank results received by MEES continue to show healthy profitability, although one of the three listed below recorded a decline from its 1998 results. However, even this decline was in comparison to a year of record profits.

  • Bank al-Saudi al-Fransi
  • of Saudi Arabia announced on 7 February total net income of SR520.9mn ($138.9mn), a rise of 13.1% over the previous year. Operating income for the...