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Samba profits hit by share slump
- Saudi Arabia: Monday, July 16 - 2007 at 07:07
Saudi's Samba Financial Group has reported a $345.6m profit in Q2 2007, representing a decline of 7.56% on Q2 2006, Reuters reports. The bank said a fall in income from brokerage activity led to a 9% drop in net income for the first six months of the year. Assets rose 14.7% to $34.4bn and deposits grew 13.45% to $26.1bn.
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James McInerney, News EditorMonday, July 16 - 2007 at 07:07 UAE local time (GMT+4)
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