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Headline: Saudi Arabia Source: Euromoney Date: July 2001 Best bank Saudi American Bank Saudi American Bank is highly regarded for its strong profile and competent management. It is helped by the backing of Citigroup, the global powerhouse that part owns it, and also has the largest capital base of any Arab bank. During 2000 it enjoyed a good year with earnings increasing. Samba’s asset quality has also improved and there was a much lower provision charge in 2000. However, although the Citigroup connection certainly helps the bank in its domestic market, it creates something of a headache if it wants to take the next step of looking outside of Saudi Arabia to grow. |
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