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FinancialNews


  • 31-01-19

    Riyad Bank jumps 39 percent in net profit

    (MENAFN) Riyad Bank was announced to have reached USD360 million in its net profit, marking a jump by 39 percent in the three months to late December 2018.

    Based on Refinitiv data, experts are projecting the major Saudi bank to stand at USD311.9 billion in its quarterly net profit.

    Saudi Arabia's lender is currently in negotiations with the National Commercial Bank to enter a merger.

    The bank's profit saw a surge higher than net special commission income, fee and commission income, with net and exchange income during the period.

    MENAFN3101201900450000ID1098050868

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