Financial and Banking News

Bank Results

Saudi British Bank Profits Fall 13% Due To Securities Losses

Riyadh-based Saudi British Bank (SBB) has reported a 13% fall in profits during1994 as a result of adverse conditions in the securities market. Mr. AndrewDixon, the bank's Managing Director, described the 1994 result as a"spike" and said that the bank was looking at positive income growthduring the present year. The bank's balance sheet continued to grow during...