VOL. XXXVI

NO. 6

9-NOVEMBER-1992

Financial and Banking News

REGIONAL BANKING

Saudi Banks Withdraw Deposits from Industrialized Countries

The Saudi banking sector withdrew $6,420mn from banks in industrial countriesduring the first three months of 1992, according to the latest quarterlybulletin from the Basle- based Bank for International Settlements (BIS). BISreporting banks in 18 industrialized countries and five offshore centers hadliabilities to the Saudi banking sector of $46,377mn at the end...