Saudi lender NCB posts 20% profit jump - Reuters:
Saudi Arabia’s National Commercial Bank (1180.SE)(NCB), the kingdom’s largest lender, reported a 20% rise in third-quarter net profit on Thursday.
The bank made a net profit of 2.55 billion riyals ($680 million) in the three months to Sept. 30, up from 2.12 billion riyals in the same period of 2018, it said in a bourse statement.
Revenue from special income, an Islamic equivalent to net interest income, rose 4.9% to 4.93 billion riyals while fee income from banking and exchange services declined.
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