Saudi British Bank Q4 net profit jumps 20 percent, beating forecast
RIYADH Jan 12 (Reuters) - Saudi British Bank (SABB), Saudi Arabia's fourth-largest listed bank, said its fourth-quarter net profit rose 20 percent over the same period of 2012, beating analyst expectations.
The lender, an affiliate of HSBC Holdings, said it made 976 million riyals ($260 million) in the three months to Dec. 31, compared to 815 million riyals in the corresponding period of 2012.
Eight analysts surveyed by Reuters had forecast it would earn a net profit of 924.5 million riyals in the quarter. (Reporting By Angus McDowall; editing by Sami Aboudi)
- Islamic State threat 'beyond anything we've seen': Pentagon
- British Muslims blame jihadi subculture after beheading video |
- Israeli air strike kills three Hamas commanders in Gaza |
- U.S. aid workers who survived Ebola leave Atlanta hospital |
- National Guard to withdraw from riot-torn Ferguson, Missouri |