Banque Saudi Fransi Q4 net profit jumps
Riyadh, January 7, 2013
Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 22.2 percent jump in its fourth-quarter net profit citing higher operating income, it said in a bourse statement on Monday.
BSF, Saudi Arabia's fifth-largest bank by market capitalisation, said it made 808 million riyals ($215.5 million) in the three months ending December 31 compared with 661 million riyals in the same period a year earlier.
The lender's 2012 net profit was 3 billion riyals compared to 2.9 billion riyals in 2011, the statement added. - Reuters
More Finance & Capital Market Stories
- 14pc UAE GDP 'comes from logistics'
- UAE April inflation eases to 0.9pc y/y
- IDB picks banks for $500m sukuk sale
- BLME eyes 15pc asset growth, stronger Gulf ties
- Bahrain MPs veto national budget
- Bahrain needs to cut public debt urgently: IMF
- DIB ratings receives Moody’s affirmation
- Pinebridge names CIO for Mena, Turkey
- Regulation ‘biggest challenge for CFOs’
- ENBD plans bond sale to boost capital