VOL. XXXVII

NO. 3

18-OCTOBER-1993

Financial and Banking News

Regional Banking

Saudi Banks' Nine Month Figures Present Optimistic Picture

Saudi banks are continuing to show steady growth during 1993 and most are oncourse to declare healthy profit increases at year end. Bank results for thefirst nine months of this year show few signs of a slowdown in balance sheetgrowth or a squeeze on profits. Saudi banks, buoyed by a vibrant private sectorand lucrative government development bonds, have performed...