Riyadh-Mubasher: Banque Saudi Fransi reported a growth of 3.15% in profits of the second quarter of 2016, according to a bourse statement issued Wednesday.
The bank’s net earnings reached SAR 1.05 billion ($279.4 million) in Q2-16 as compared to SAR 1.02 billion ($270.88 million) in Q2-15.
Net income has increased due to a growth in operations income by 1.2%. Furthermore, income from currencies exchange and dividend distribution has increased.
Meanwhile, the overall operations expenses decreased by 2.02%.
During the first half of 2016, Banque Saudi Fransi recorded a growth in profits by 2.9% to SAR 2.13 billion from SAR 2.07 billion in the same period of 2015.
