Financial and Banking News
Arab National Bank Stresses Growth and Increases Profits
Riyadh-based Arab National Bank (ANB), in which Arab Bank Ltd. had a 40%stake, has reported profits of SR384.7mn ($103mn) for 1992, a 26% increase on1991. The increase is largely the result of an increase in balance sheet size,although the bank also recorded an improvement in its return on average equityand revenue to expenses ratios.
Highlights of the accounts - The...