Financial Results
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Saudi NCB, Samba post profits, diverge on provisions
National Commercial Bank, Saudi Arabia's biggest lender, on Sunday posted a 2.1% rise in quarterly profit despite higher provisions while Samba Financial Group 1090.SE surprised with lower provisions. Net profit rose to 2.83 billion riyals ($745.5 million) for the quarter to March 31. That topped the 2.4 billion expected by…
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