Financial and Banking News

Regional Banking

Saudi Banks' Interim Figures Show Tightening Market

Saudi bank results for the first nine months of 1994 confirm the trend towardmore difficult conditions in the Saudi market. Only three of the eight bankswhich had issued figures by 14 October showed increased net profits, a sharpcontrast to the consistent increases being seen until the middle of last year.The downturn in profits has been expected as a result of the...