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Saudi Fransi Q3 net profit down 1.9%
- Saudi Arabia: Sunday, October 11 - 2009 at 09:31
Banque Saudi Fransi, the Saudi affiliate of France's Calyon, has posted a 1.9% fall in third-quarter net profit on lower fees from deposit management and its local brokerage, Reuters has reported. The lender earned SR714m in the three months to September 30, compared to SR728.6m a year earlier. Net operating income stood at SR1.06bn, down 7% from the third quarter in 2008, while net lending income rose 10.8% to SR758m, the bank said.
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StaffSunday, October 11 - 2009 at 09:31 UAE local time (GMT+4)
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