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...
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