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FINANCIAL NEWS
Saudi’s SABB revenue posts SR3.895bn
23 Jan 2017
(MENAFN) The Saudi British Bank (SABB) posted a net profit of SR3.895bn for the year ended Dec, 2016, a decrease of SR436mn or 10.1 percent compared to SR4.331mn in 2015.
Furthermore, the bank posted a net profit of SR607mn for the cited period of 2016, a decline of SR332mn or 35.4 percent compared to the same period of 2015.
In addition, operating income of SR6.909mn for the cited period, an increase of SR278mn or 4.2 percent compared with SR6.631mn last year.
Meanwhile, loans and advances to customers reached SR121.0bn, a decline of SR4.9bn or 3.9 percent from SR125.9bn of 2015.
M
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