Riyadh – Mubasher: The Saudi British Bank (SABB) on Wednesday said its profits increased by 8.8% during the third quarter of 2017, compared to the year-ago period.
The bank’s profits amounted to SAR 1.083 billion in Q3-17, compared to SAR 995 million in Q3-16, according to a statement to the Saudi Stock Exchange (Tadawul).
Quarter-on-quarter, SABB’s profits tumbled 4.07%.
Saudi Arabia-based bank attributed the rise in its year-on-year net profits to the increase of operating income by 4.6%, due to rise of net special commissions’ income.
At the level of the first nine months, SABB’s profits decreased 1.2% to SAR 3.248 billion, from SAR 3.288 billion in the corresponding period in the year before.
