Saudi Arabia's biggest lender by assets, National Commercial Bank (NCB) had increased provisions for loan losses in Q4 by 16.7% to SR607.9m ($162.1m), Reuters has reported. The lender had booked a total SR2.47bn in provisions for loan losses for all of 2009, which is more than threefold the SR729.4m it took in 2008 to cover loan losses.
Subscribe to MEED to receive your choice of premium newsletters
 |
 |
 |
 |
Identify and track projects across the Middle East and North Africa through MEED Projects. Subscribers can track projects, conduct trend analysis, forecast, produce strategic reports and ultimately win new business.
Middle East data, research and analysis - from broad macroeconomic statistics to specific sector data, MEED Insight can help you accurately and cost effectively forecast market growth and trends.
MEED Events provide high profile speakers, relevant and critical business content and the latest news from across the GCC. With a portfolio that includes large-scale summits, two-day industry specific conferences and unique networking opportunities.
Site powered by Webvision
Share
