Riyadh – Mubasher: Saudi – based Bank Albilad reported net profits of SAR227.8 million for the third quarter of 2016, up by 12% from SAR203.4 million for the same period of the previous year.
As for the first nine months of 2016, the company posted net profits of SAR586.2 million up by 0.38% from SAR584 million a year earlier.
The company attributed its profits increase for the third quarter of 2016 to the increase of the total operating income by 14.2% on the growth of the net income from investments and financing in addition to the increase in net fee and commission and other operating income.
