Riyad Bank third-quarter profit up 47.7%, beats forecasts | ZAWYA MENA Edition

Riyad Bank third-quarter profit up 47.7%, beats forecasts | ZAWYA MENA Edition:

"Riyad Bank , Saudi Arabia's fourth-largest bank by assets, on Wednesday reported a 47.7 percent rise in third-quarter net profit, beating analysts' forecasts as income from investments and fees and commission rose. The bank, which had reported flat or lower profits in nine of the last ten quarters, made 1.08 billion riyals ($288 million) in the three months to Sept. 30, up from 729 million riyals in the same period of 2016, it said in a bourse filing. Three analysts polled by Reuters had on average forecast the bank's quarterly profit would be 852.5 million riyals. "



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