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SABB posts small increase in net profit Q1, 2009

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 15 April 2009
SMALL PROFITS: Saudi British Bank saw its net income rise from SR757m to SR760m. (Getty Images)
SMALL PROFITS: Saudi British Bank saw its net income rise from SR757m to SR760m. (Getty Images)

Saudi British Bank (SABB), one of Saudi Arabia's largest banks , posted a slight increase in first-quarter net profit to SR760m ($202.7m), broadly in line with analysts' forecasts.

Net income in the three months to March 31 rose less than one percent from SR757m in the year-earlier period, the firm said in a statement on the bourse website.

Forecasts for SABB's first-quarter profit ranged between SR708m to SR765.7m, according to a Reuters survey this month. (Reuters)


Related: Mideast banks to see 'healthy but reduced' growth - study
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