VOL. XXXV
NO. 16
20-JANUARY-1992
Financial and Banking News
Bank Results
United Saudi Commercial Continues Profits Growth, Will Issue Bonus Shares
Riyadh-based United Saudi Commercial Bank (United) is again the firstcommercial bank in the Gulf to publish its annual results. The bank declared a33% increase in profits for 1991, and a 31% increase in asset size.Profitability stayed high. The return on average equity was 31.62%, which shouldensure that the bank remains one of the most profitable...
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