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Samba Q3 profit falls
- Saudi Arabia: Tuesday, October 07 - 2008 at 09:21
Saudi Arabia's second-biggest lender, Samba Financial Group, said on Monday third-quarter profit fell 7.5%, reported Reuters. The bank made a net profit of 1.2 billion riyals ($320m) in the three months to September 30, down from 1.3 billion riyals a year earlier. The bank blamed a decline in brokerage fees for its subpar performance this year, reported Reuters.
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Jeff Florian, Senior ReporterTuesday, October 07 - 2008 at 09:21 UAE local time (GMT+4)
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