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FINANCIAL NEWS
Saudi’s Samba net profit drops by 1.4 percent
19 Jul 2016
(MENAFN) Samba Financial Group posted a 1.4 percent decline in Q2 net profit to reach USD349.3mn in the three months to June 30.
Moreover, it was forecasted that the Group will make a quarterly net profit of USD0.34bn, while it attributed its drop to a 6.4 percent rise in all operating expenses.
However, this offset the benefits from a 15.2 percent increase in profits from special commissions, which grew to USD0.35bn.
On the other hand, operating income for the quarter advanced 1.1 percent on the corresponding period of last year reached USD0.52bn.
More News
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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