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Saudi bank SABB says Q2 net profit falls 1.9 pct on bad debt charges
Saudi British Bank , the kingdom's sixth-largest bank by assets, posted a 1.9 percent drop in its second-quarter net profit on higher provisions for bad debt, broadly in line with analysts' forecasts. The bank, an affiliate of HSBC Holdings, said it made 1.13 billion Saudi riyals ($301.35 million) in the…
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Click here to read the full story: Times of India