Riyadh – Mubasher: Profits of banks operating in Saudi Arabia rose in the first four months of 2016 by 1.83% to SAR 15.29 billion ($4.16 billion), versus SAR 15.02 billion ($4.09 billion) in the same period of 2015.
However, the bank’s earnings shrank in April by 12.5% to SAR 3.71 billion from SAR 4.24 billion in the same month of 2015, and fell 6.78% compared to SAR 3.98 billion in March 2016, according to figures by the Saudi Arabian Monetary Agency (SAMA).
Total deposits decreased in April by 0.68% to SAR 1.598 trillion from SAR 1.609 trillion in March.
