Saudi Gazette - Saudi bank profits head for record year:
"Saudi Arabia’s 12 banks boosted net profits by around eight percent in the first nine months of 2013 as they head for a record fiscal year due to lower provisions and strong corporate performance, according to bank balance sheets collated by a Saudi Arabic language daily.
The 12 banks netted nearly SR29.1 billion in the first nine months of 2013 compared with SR27 billion in the first nine months of 2012.
The profit growth was higher at around 10 percent without the earnings of the non-listed National Commercial Bank (NCB), the largest bank in the Kingdom."
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