Riyadh – Mubasher: Banque Saudi Fransi (BSF) reported on Monday a 2.67% rise in net profits for the first quarter of 2016.
The bank generated SAR 1.08 billion ($287.44 million) in Q1-16, compared with SAR 1.05 billion ($328.0 million, according to a bourse filing posted Monday.
These earnings are the biggest since early 2001, showed data compiled by Mubasher.
Meanwhile, BSF generated the lowest investments of SAR 22 billion since the third quarter of 2012.
The bank cited stronger net income on higher operating revenues, in addition to a rise in net fees income.
