Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 22.2 per cent jump in its fourth-quarter net profit citing higher operating income, it said in a bourse statement on Monday.
The kingdom’s fifth-largest bank by market capitalisation said it made 808 million riyals ($215.5 million) in the three months ending December 31 compared with 661 million riyals in the same period a year earlier.
Saudi banks have enjoyed successive years of expansionary government budgets, ample liquidity and improving corporate loan demand.
Banque Saudi Fransi Q4 net profit up | GulfNews.com
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