Financial and Banking News
Saudi Banks' Interim Results Confirm Long Term Balance Sheet Trends
Saudi bank results for the first half of 1994 contain few surprises andconfirm the underlying trends in the Saudi banking market. By mid-July seven ofthe 12 banks had issued interim figures and all except one, Arab National Bank (ANB),were reporting higher income than in the first half of 1993.
The highlights of the half year figures can be summarized as...