NO. 34


Financial and Banking News

Regional Banking

Saudi Banks: No Great Surprises In The First Quarter Of 1995

Saudi banks have produced the proverbial mixed bag of results in the firstquarter of 1995: of the ten banks in this survey, seven have reported profitsimproved on the same period last year and three have seen profits fall. Theresults are in line with expectations that, as only sluggish growth isexpected in the Saudi economy as whole, 1995 will prove to be a...