NCB posts 7.3% rise in 2012 net income
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NCB posts 7.3% rise in 2012 net income

NCB posts 7.3% rise in 2012 net income

Saudi Arabia's National Commercial Bank (NCB) has posted a 7.3% increase in full-2012 net profit to SR6.45bn, compared with the SR6.01bn profit achieved in 2011, Saudi Gazette has reported. Total assets jumped 14.6% to SR345.3bn. This increase was reflected in expanded lending activities, with the loan portfolio increasing by 20.8% to SR163bn, the lender said, without providing data for the fourth quarter of last year.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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