Riyadh – Mubasher: Bank Albilad reported SAR 318.1 million in net profits during the second quarter (Q2) of 2020, up by 4.33% from SAR 304.9 million in the same period a year earlier.
Total comprehensive income grew by 22.68% on a yearly basis, reaching SAR 684.7 million by June-end, attributed to a higher operating income by 4%, according to a stock exchange statement on Sunday.
Total operating expenses went up by 4%, due to the rise in salaries, net impairment charge for expected credit losses, and depreciation and amortisation expenses, however, this was offset by lower other general and administrative expenses.
