VOL. XXXVI

NO. 43

26-JULY-1993

Financial and Banking News

BANK RESULTS

Saudi Banks Continue To Boost Profits During 1993

Saudi banking profits continued to surge ahead during the first six months ofthis year. All of the ten banks which have released interim figures improved ontheir 1992 results, and this success will almost certainly be carried throughfor the whole year. Nearly all banks improved both their returns on averageassets and equity. United Saudi Commercial Bank and Saudi American Bank...