October 24, 2019 / 11:58 AM / a month ago

Saudi's National Commercial Bank posts 20% profit jump

DUBAI, Oct 24 (Reuters) - Saudi Arabia’s National Commercial Bank(NCB), the kingdom’s largest lender, reported a 20% rise in third-quarter net profit on Thursday.

The bank made a net profit of 2.55 billion riyals ($680 million) in the three months to Sept. 30, up from 2.12 billion riyals in the same period of 2018, it said in a bourse statement. ($1 = 3.7504 riyals) (Reporting by Hadeel Al Sayegh Editing by David Goodman)

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