VOL. XXXVII
NO. 26
28-MARCH-1994
Financial and Banking News
Bank Results
NCB Declares 18% Increase In Profits As Recovery Continues
Jiddah-based National Commercial Bank (NCB) has declared an 18% increase inprofits for 1993 and a 5% increase in balance sheet size. The results as a wholeconfirm the fact that the bank is continuing on an upward trend in line with thenew strategy initiated in 1993. The net profit of SR503.2mn ($134mn) would havebeen much higher but for provisions of SR856.5mn...
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