Tue, Mar 31, 2015
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Performance more

Riyad Bank Q2 profit up, no new provisions

Posted on 14 July 2009

From Tradearabia.com: Saudi-based Riyad Bank said second-quarter net profit rose 1.8 percent as its core banking activities grew but it made no mention of new provisions despite worries about exposure to two troubled conglomerates.

Riyad, Saudi Arabia’s third-largest lender by market value, made a net profit of 918 million riyals ($244.8 million) in the three months ending June 30, 2009, up from 906 million riyals in the year-earlier period………Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
M T W T F S S
« May    
 1
2345678
9101112131415
16171819202122
23242526272829
3031