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Saudi Samba’s net profit posts 7 percent growth in Q3

09 Oct 2015

(MENAFN) Saudi Samba Financial Group has registered a 7 percent increase in July-Sept period’s gross profit which has hit USD365.3 million.

The recorded profit is slight jump from last year’s USD341.1 million; moreover, many analysts had predicted a less USD333.1 million earnings’ amount.

Overall functional income for the quarter climbed 7.6 percent to USD530 million and profit from special commissions hiked 0.8 percent to USD314 million.

Furthermore, the financial firm’s loans portfolio stood at USD33.8 billion at the end of September, which is 5.8 percent more than 2014’s same period.

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