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SAIB, profit up 78%
- Saudi Arabia: Tuesday, October 11 - 2005 at 10:18
Saudi Investment Bank has reported a profit of $207m for the first nine months of 2005, a 78% increase over last year. Total assets grew 40% to $9.65bn, while the bank loaned out $5.12bn, up 65.9%. Customer deposits rose 38% to $6.6bn, and return on average shareholder equity rose to 24.6% from 19.8%.
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James McInerney, News EditorTuesday, October 11 - 2005 at 10:18 UAE local time (GMT+4)
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