Financial and Banking News

Bank Results

United Saudi Commercial Maintains Profits Growth Despite DifficultConditions

Riyadh-based United Saudi Commercial Bank (USCB) has reported a 15% increasein profits for 1994, despite difficult conditions in international securitiesmarkets and the domestic Saudi economy. The balance sheet shrank slightly overthe year, after five years of impressive growth. The directors are againproposing not to issue a dividend.

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