Saudi Arabia's National Commercial Bank (NCB), the kingdom's biggest bank by assets, posted a 12.9 percent rise in its second-quarter net profit, the lender said on Wednesday.
State-owned NCB made a net profit of 1.6 billion Saudi riyals ($427 million) in the three months ended June 30, compared with 1.4 billion riyals in the same period a year earlier, it said in an emailed statement to Reuters.
NCB said its loans and advances portfolio increased by 15.4 percent to 150 billion riyals, while its net income from special commissions rose 7 percent. It did not give absolute figures.
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