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Saudi NCB net profit up 11.8 pct as expenses, impairments drop
Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s largest lender, reported an 11.8 percent rise in fourth-quarter net profit on Tuesday, helped by a drop in expenses and lower impairment charges. The bank made a net profit of 2.56 billion riyals ($683 million) in the three months to Dec. 31,…
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Click here to read the full story: Reuters