October 22, 2018 / 1:23 PM / 24 days ago

UAE's FAB to launch commercial banking in Saudi in Q4

DUBAI, Oct 22 (Reuters) - First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates by assets, will launch commercial banking activities in Saudi Arabia during the current quarter, it said on Monday.

The bank also reported a 16 percent rise in third quarter net profit as net interest income and fees and commissions edged higher. (Reporting by Tom Arnold; Editing by Adrian Croft)

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