Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Al Rajhi Bank Lowers Loan-Loss Provisions 18% in Second Quarter

Don't Miss Out —
Follow us on:

July 31 (Bloomberg) -- Al Rajhi Bank, Saudi Arabia’s largest publicly-traded lender by market value, reduced provisions for bad loans by 18 percent in the second quarter.

Provisions declined to 346.8 million riyals ($92 million) in the three months ended June 30, from 422.1 million riyals a year earlier, according to data posted on the Saudi bourse website yesterday.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net