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Saudi Riyad Bank's Q4 profit up on lower impairment charges
Riyad Bank, Saudi Arabia’s fourth-largest lender by assets, posted a huge rise in fourth-quarter net profit on Tuesday, beating analysts’ forecasts, boosted by an easing of impairment charges for credit losses. The bank made 974 million riyals ($259.7 million) in the three months to Dec. 31, up from 293 million…
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Click here to read the full story: Reuters