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Saudi National Commercial Bank Nine-Month Profit Rises 6% on Loan Income

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 shajimathew@bloomberg.net

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net

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