Profits up for Saudi National Bank
The Saudi National Bank posted a net operating income of SR 552 million in the first quarter of 2001, reported the KSA Today newspaper. This figure represents an increase of SR147.4 million compared with SR404.6 million in the corresponding period of the previous year.
Chairman of the Board, Abdullah Bahamdan, said that the net value of the Bank’s total loans and credits grew from SR36.4 billion to SR 38.5 billion during the same period. —(Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)