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Saudi’s National Commercial Bank First-Half Profit Rises 18%

July 11 (Bloomberg) -- National Commercial Bank, Saudi Arabia’s biggest bank by assets, said first-half profit increased 18 percent to 2.6 billion riyals ($693 million) from a year earlier.

Lending in the period grew 10.5 percent from a year ago, the bank said in a statement to the Saudi bourse today.

To contact the reporters on this story: Arif Sharif in Dubai at asharif2@bloomberg.net

To contact the editor responsible for this story: Edward Evans at Eevans3@bloomberg.net

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