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Al Rajhi books $112m Q2 loan loss

Riyadh, July 28, 2009

Al-Rajhi Bank, Saudi Arabia's largest lender by market value, booked 421.6 million riyals ($112.4 million) in provisions for loan losses during the second quarter, according to official data published on Tuesday.

The figure compared with 276.7 million riyals in the year earlier period and 288.4 million riyals in the first-quarter of 2009, according to the data from the Saudi stock exchange website.-Reuters




Tags: loss | Al-Rajhi Bank |

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