VOL. XXXVII
NO. 21
21-FEBRUARY-1994
Financial and Banking News
Bank Results
Provisions Cut Helps Saib To 48% Profit Increase
Saudi Investment Bank (Saib) has reported a 48% increase in profits for 1993,largely as a result of a reduction in provisions. Underlying profitability didincrease, although it was tempered by the high cost of installing new automationsystems. Growth of 15% is seen as a realistic target for 1994. No dividend hasbeen declared and the bank has no immediate plans to start...
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!