VOL. XLII

No. 30

26-July-1999

SAUDI ARABIA

1H Results Show Saudi Banks Continue To Flourish Says NCB

Saudi banks are continuing to benefit from improvedprofitability, balance sheet growth, expanding loan portfolios and wideningcustomer bases, despite the less than propitious economic environment resultingfrom low oil prices. In its latest Market Review And Outlook (18 July),National Commercial Bank (NCB) reviews the interim results of the Kingdomseleven banks and reveals that the combined net...