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Sunday, 17 July 2016

Saudi’s largest lender National Commercial Bank says profit rises on higher lending | The National

Saudi’s largest lender National Commercial Bank says profit rises on higher lending | The National:

"Saudi Arabia’s largest listed lender, National Commercial Bank (NCB), reported a 3.2 per cent increase in second-quarter net profit on Sunday, which was at the low end of analysts’ forecasts.

The bank made a net profit of 2.44 billion Saudi riyals (Dh2.3bn) in the three months to June 30, up from 2.36bn riyals in the same period last year, it said in a bourse statement.

Four analysts had forecast on average that NCB would make a quarterly profit of 2.54bn riyals."



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