National Commercial Bank, Saudi Arabia’s largest bank by assets, said nine-month profit increased 6 percent to 3.47 billion riyals ($925 million) from the year-earlier period.
Net special commission income grew 2.9 percent and fee income rose 2.2 percent, the bank said in an e-mailed statement today. Loans and advances increased 5.2 percent to 122.6 billion riyals at end September.
To contact the reporter on this story: Shaji Mathew in Dubai at email@example.com
To contact the editor responsible for this story: Inal Ersan at firstname.lastname@example.org