Financial and Banking News
National Commercial Bank Restores Dividend As Profits Rise By15%
Jiddah-based National Commercial Bank (NCB), the biggest bank in the Gulf, isto issue a dividend for the first time since 1988 after declaring a 15% increasein profits for 1994. The bank's profitability figures remain lower than those ofmost of its competitors, but the 1994 income statement shows that NCB iscontinuing the recovery which began in 1993. The...