VOL.XXXIXNo. 5728-October-1996SAUDI ARABIA

MixedThird Quarter Fortunes For Saudi Banks-FBThe loan books of the Saudi banks have continued to fallthrough the third quarter. Of the nine banks in this survey to report year onyear figures, six reported lower loans and advances andonly three - United Saudi Commercial Bank (USCB), Saudi Investment Bank (SIB)and Saudi Hollandi Bank- increased their loanportfolios. Anecdotal evidence suggests that thisis due to contractors and farmers clearingtheir...