VOL. XXXIX

No. 23

4-March-1996

SAUDI ARABIA

NCB Profits Jump 21%

Big improvements in earnings from investment and trading securities have enabled the largest bank in Saudi Arabia, National Commercial Bank (NCB), to announce a substantial rise in net income for 1995. NCB's profits were up by 21% on 1994 at SR700.3mn ($186.7mn) as total assets grew by 10%. The result marks the fourth year in a row that profits have increased following the recapitalization of the bank in 1992 and the...