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Saudi British Bank's net profit edges up
Dubai: Saudi British Bank (SABB), the kingdom's fifth-largest bank by assets, posted a 1.2 per cent increase in its second-quarter net profit on Tuesday, in line with analyst forecasts as earnings from special commissions rose.
The Saudi British Bank H1 2016 profits up 1.82 per cent
The Saudi British Bank (SABB) reported Q2 profits of SAR 1.151 billion, up 1.23 per cent on year-ago levels and up 0.79 per cent quarter-on-quarter.
Saudi British Bank Q1 net profit up 2.4 pct, ahead of estimates
Saudi banks have been contending with weaker credit growth as a result of lower oil prices and weaker government spending, which has fed through to lower net interest income.
Saudi banks still strong despite oil slump: Saudi British Bank, MD, David Dew
Oil prices fell to a more than six-year low near $42 a barrel last month, and the International Monetary Fund forecasts the Saudi government will run a budget deficit this year of around 19.5 percent of gross domestic product. Last year's deficit was 3 ...
Saudi banks said to still be strong despite oil slump  The National
S&P takes rare step to explain Saudi banking downgrades
On Thursday, S&P lowered its so-called long-term counterparty credit ratings on Al Rajhi Bank, National Commercial Bank, Riyad Bank, Samba Financial Group and Saudi British Bank because of the heightened risks they face in a low oil price environment ...
Ratings agency S&P defends decision to downgrade Saudi banks  Gulf Business News
Pressure Is Building On Saudi Arabia's Economy, But Riyadh Isn't ...  Forbes
Asia Pacific|Malaysia's Leader, Dogged by a Billion-Dollar Scandal, Proves ...
Investigators around the world are tracking the money trail to his bank accounts in what has become a billion-dollar scandal.
Why the Ignorant Assault Upon Israeli Settlements?
We are also concerned about recent increased demolitions of Palestinian structures in the West Bank and East Jerusalem, which reportedly have left dozens of Palestinians homeless, including children.
SABB net profit up 1.8% to SR2.3b in H1
RIYADH - The Saudi British Bank (SABB) recorded a net profit of SR2,293 million for the six months ended June 30, 2016, an increase of SR41 million or 1.8% compared to SR2,252 million for the same period in 2015.
Nine things women can't do in Saudi Arabia
Saudi Arabia's human rights record, especially with regards to protecting women, has often been called into question. Although women's rights have been incrementally extended in recent years - they were allowed to vote in municipal elections for the ...
1MDB: The inside story of the world's biggest financial scandal
The new fund's first major deal was signed a few weeks after the meeting with PetroSaudi - a $2.5bn joint venture agreement between PetroSaudi and 1MDB, inked during a visit by Najib to Saudi Arabia in September 2009. The press release said that the ...