Saudi British Bank reveals net profit drop

13 October 2010

The Saudi British Bank (SABB) posted a net profit of SR1.487bn ($397m) for the nine months ended September 30, a fall of 25.9%, Trade Arabia has reported. Operating income fell to SR3.72bn ($993m) for the first nine months of the year, which represented a decrease of 6.3%, compared with SR3.97bn ($1.06bn) for the same period last year.

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