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...