VOL. XXXIX

No. 20

12-February-1996

SAUDI ARABIA

Saudi British Refocuses On Saudi Arabia

Another of the larger and better-performing Saudi banks, Saudi British Bank (SBB), has reported a substantial 15% increase in profits in 1995 to SR403.3mn ($107.5mn), a return to 1993 levels. Despite a negligible contribution from net special commission (interest) income, SBB recorded sound profit growth from both investment securities and banking services. The bank appears to be giving priority to...