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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
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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
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