Saudi NCB posts 24% rise in quarterly profit - Reuters:
National Commercial Bank , Saudi Arabia’s biggest lender, posted a 24% rise in second-quarter profit on Wednesday, helped by higher fee and commission income, as well as lower expenses.
The bank reported a net profit of 2.69 billion riyals ($717.24 million) in the quarter ended June 30, compared to 2.17 billion riyals in the same quarter a year earlier.
EFG Hermes had projected a net profit of 2.63 billion riyals for the second quarter.
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