Financial Results
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Riyad Bank reports 78% rise in second-quarter profit as impairments drop
Saudi Arabia’s Riyad Bank, which is in talks to merge with National Commercial Bank, posted a 78 per cent year-on-year jump in its second-quarter net profit as operating income rose and provisions for bad loans fell. Net income for the three-month period ending June 30 climbed to 1.5 billion Saudi…
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