VOL. XXXIX

No. 21

19-February-1996

SAUDI ARABIA

Profits Rise 3.5% At Al-Bank Al-Saudi Al-Fransi

Riyadh-based al-Bank al-Saudi al-Fransi (BSF), in which Banque Indosuez has a 31.1% stake, has reported a 3.5% increase in net profits to SR353.3mn ($94.2mn) for 1995, continuing a trend in profit growth dating back to 1988 and mirroring the performance of many other banks (Saudi American, USCB, Saudi Cairo) in the Kingdom which have announced modest rises in net income in 1995. Similarly,...