Saudi National Bank Revenues Soar 20 Percent

Published April 26th, 2021 - 04:00 GMT
Saudi National Bank Revenues Soar 20 Percent
The bank said profits were driven by stronger total operating income and lower expenses including impairments. (Shutterstock)
Highlights
The bank said profits were driven by stronger total operating income and lower expenses including impairments.
Saudi National Bank reported a 20 percent rise in first-quarter net profit to SR3.41 billion ($907.6 million) compared to a year earlier.
 

The bank said profits were driven by stronger total operating income and lower expenses including impairments.

Total operating income gained 8.8 percent from a year earlier, it said.

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