The Saudi British Bank recorded 830 million Saudi Riyals ($221 million) in net profits in 2001 compared with SR 743 million ($198 million) in the previous year of 2000, translating into and 12 percent increase, reported Al-Hayat . The bank reported that its customer deposits increased to SR 31.5 billion ($8.4 billion) in 2001, up from SR 28.4 billion ($7.6 billion) in 2000 despite the declining cost of interest. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
