January 12, 2014 / 2:01 PM / 4 years ago

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below