Bloomberg the Company & Products

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

Communications

Industry Products

Media Services

Follow Us

National Commercial Bank Lowers Second-Quarter Provisions 33%

Don't Miss Out —
Follow us on:

Aug. 3 (Bloomberg) -- National Commercial Bank, Saudi Arabia’s largest lender, lowered provisions for bad loans in the second quarter by 33 percent.

Provisions dropped to 407.9 million riyals ($108.8 million) in the three months ended June 30, from 612.9 million riyals a year earlier, according to the bank’s financial statement published in al-Eqtisadiah newspaper today.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.