| 26.10.2009 - Saudi bank profits rise despite soaring provisions for bad loans |
| From Gulfnews.com: SABB bank, HSBC's Saudi affiliate, booked 351.5 million riyals (Dh343.92 million) in provisions for loan losses during the third quarter, bourse data showed on Saturday. SABB reported a worse-than-expected 19.8 per cent drop in third quarter net profit, hit by an increase in provisions for bad loans..........................Full Article: Source |