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NCB Q1 profits rise
- Saudi Arabia: Sunday, April 17 - 2005 at 07:19
Saudi-based National Commercial Bank reported a Q1 2005 profit rise of 30.4% to $324.5m. The bank's net operating income grew by 35% to $337m while shareholder equity rose by 33% to $4.04bn. Customer deposits were up 8.3% to 27.59bn, while net loans and advances reached $17.62bn, a 33% increase over the same period last year.
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James McInerney, News EditorSunday, April 17 - 2005 at 07:19 UAE local time (GMT+4)
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