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Islamic Finance Briefing - Categorized | Banking, Performance more

Saudi NCB posts 6.4pct rise in Q1 profit

Posted on 13 April 2011

National Commercial Bank (NCB), Saudi Arabia’s biggest bank by assets, posted a 6.4 percent rise in its first-quarter net profit, the lender said in an emailed statement on Tuesday.
State-owned NCB made a net profit of 1.5 billion Saudi riyals ($400 million) in the three months ended March 31, compared with 1.4 billion riyals in the same period a year earlier……………………………………….Full Article: Source

 
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