UPDATE 1-Saudi lender NCB reports 18.8% rise in 2019 net profit
Saudi Arabia’s National Commercial Bank, saw a 13.2% rise in fourth-quarter net profit, according to Reuters calculations, helped by increased revenue from commissions and financing, and lower operating costs. The country’ largest lender made a net profit of 3 billion riyals ($799.8 million)in the three months to Dec. 31, up…
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