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Islamic Finance Briefing - Categorized | Banking, Performance more

Saudi Arabia’s Riyad Bank Q1 net profit up 55pct

Posted on 12 April 2010

From Arabianbusiness.com: Saudi lender Riyad Bank posted a lower than expected 55 percent rise in net profit during the first quarter after a drop in lending income offset a near 23 percent fall in operating costs.

Saudi Arabia’s third largest lender by market value made a $182.4 million net profit in the three months to end-March, up from $117.5 million in the year earlier period, it said in a statement on Sunday……………………………….Full Article: Source

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