National Commercial Bank net profit rises 0.3% to $3.04bn for 2020

National Commercial Bank (NCB) reported net profit of SR 11.4 billion ($3.04 billion) for 2020, up 0.3 percent year-on-year (YoY), due to a 4.3 percent rise in gross operating income, partially offset by increased operating expenses including impairments. The bank also cited higher net special commission income, and increased investment-related…