NO. 31


Financial and Banking News

Regional Banking

Saudi Banks Show Uncertain Progress During First Quarter

Saudi Banks have shown erratic results for the first three months of 1994.Some are showing large rises in first quarter earnings, compared to the sameperiod last year, while others have barely scraped an increase. Only Riyad Bankhas shown a reduction in profits, its first quarter net income being down 5.1%on 1993. Ten banks have published figures for the first quarter:...