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Islamic Finance Briefing - Categorized | Banking, Performance more

Profits at biggest Saudi bank dip at end of 2009

Posted on 18 January 2010

From Indiatimes.com: Earnings at National Commercial Bank (NCB), the largest Saudi bank by assets, almost doubled last year despite a slowdown in lending, but its fourth quarter profit looked to have fallen to the lowest in a year.

State-owned NCB, which is slated for privatisation, made a net profit of 4.04 billion riyals ($1.08 billion) in 2009, up from 2.03 billion riyals in 2008, it said in a statement…………………………………..Full Article: Source

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