Arab Today, arab today largest saudi bank posts 27 rise in net profit
Last Updated : GMT 19:10:18
Arab Today, arab today
Arab Today, arab today

Largest Saudi bank posts 27% rise in net profit

Arab Today, arab today

Arab Today, arab today Largest Saudi bank posts 27% rise in net profit

Riyadh - Arabstoday

National Commercial Bank, Saudi Arabia’s largest bank by assets, on Saturday posted a 27 percent increase in profit for last year. Net income for 2011 rose to SR6.012bn ($1.6bn) compared with SR4.724bn a year earlier, the state- owned bank said in an e-mailed statement. Profit gained as “income from core operations increased and operating costs decreased,” Sheikh Abdullah Bahamdan, the bank’s chairman, said in the statement. Operating costs declined 13 percent, it said. Total assets rose 6.7 percent to SR301.2bn, while deposits expanded 4.5 percent to SR239.5bn, the bank said in the statement. The loan book grew 7.7 percent to SR135.3bn. Saudi Arabian banks’ lending to the private sector rose to a record of SR810.2bn in October, an increase of 10 percent from the same period last year, according to data on the central bank’s website. National Commercial Bank isn’t publicly traded.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today largest saudi bank posts 27 rise in net profit Arab Today, arab today largest saudi bank posts 27 rise in net profit

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today largest saudi bank posts 27 rise in net profit Arab Today, arab today largest saudi bank posts 27 rise in net profit

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday