NO. 20


Financial andBanking News

Regional Banking

Saudi Banks Show Good Profit Increases For 1993, But Face GreaterChallenges In 1994

Saudi Arabia's commercial banks are confounding those who believed that therecent slowdown in the Kingdom's economic growth would bring to an end theexceptional run of growth experienced since the end of the Gulf War. Of theseven banks which issued figures before the start of Ramadan on 11 February, sixposted profit increases of more than...