VOL. XXXVIII
NO. 22
27-FEBRUARY-1995
Financial and Banking News
Bank Results
Riyad Bank's Profits Plunge 37%
Riyad Bank, the second biggest bank in Saudi Arabia and one of the biggest inthe Gulf, has reported a 37% fall in profits for 1994. The decline was mainlydue to reduced income on its investment and trading portfolio, but an additionalfactor was that the bank was only able to write back into income a minimalamount of provisions, in contrast to the last four years, in which write-backshave...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!