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Arab National Bank records slight profit
- Saudi Arabia: Tuesday, October 13 - 2009 at 09:42
Saudi Arabia-based Arab National Bank has recorded a 0.8% rise in third-quarter net profit after both its lending income and income from non-lending services posted modest growth rates, Reuters has reported. The bank, in which Arab Bank holds a 40% stake, has earned SR633m($168.8m) in the three months to September 30, compared to SR627.7m a year earlier. Net lending income rose by 1.6% to SR838m, while net income from non-lending operations rose 5% to SR229m.
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StaffTuesday, October 13 - 2009 at 09:42 UAE local time (GMT+4)
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