Preparing for the project boom.

The article reports that Riyad Bank, the fourth largest bank in terms of assets in Saudi Arabia, is contemplating the coming project boom with eager anticipation. The main focus of the bank is project finance and commercial lending. The bank plans a significant increase in its branches and to double...

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Detalles Bibliográficos
Publicado en:MEED: Middle East Economic Digest Vol. 50; no. 20; p. 57
Formato: Artículo
Publicado: MEED Media FZ LLC 5/19/2006
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Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:The article reports that Riyad Bank, the fourth largest bank in terms of assets in Saudi Arabia, is contemplating the coming project boom with eager anticipation. The main focus of the bank is project finance and commercial lending. The bank plans a significant increase in its branches and to double the number of its automated teller machines. It was the first Saudi bank to launch a funds business and is waiting for final official approval for its joint venture insurance company with Royal Sun Alliance.