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- National Investments Company Wins Digital Innovation Award - Kuwait 2025
- Gulf Bank launches new corporate banking mobile application to support businesses
- KFH achieves KD 632.1 million in net profit for 2025, an increase of 5.0%
- Boubyan Bank announces solid net profits of KD 100.5 million for 2025
- NBK posts strong net profits of KD 575.6 million in FY 2025
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- Bahrain balances sustainability with economic growth: Minister
- US dollar near four-year low after Trump comment
- Oman's oil exports surpass 307mn barrels by end of December 2025
- Dubai Ruler launches AED100 billion expansion of DIFC
22/10/2017 18:52 AST
Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest lender, reported a 8.4 percent rise in third-quarter net profit on Sunday, helped by a fall in expenses and provisions for bad loans.
The bank made a net profit of 2.13 billion riyals ($568 million) in the three months to Sept. 30, down from 1.96 billion riyals in the same period of 2016, it said in a bourse statement.
SICO Bahrain forecast NCB would make a quarterly profit of 2.29 billion riyals.
The bank was helped by a fall in operating expenses and impairment charges for financing and investments.
Banks in the kingdom have been helped by an improvement in liquidity in recent months but analysts have warned that lenders are likely to face a rise in non-performing loans as the economy continues to slow.
Earlier on Sunday, Al Rajhi Bank, the kingdom's second-largest lender by assets, reported a 12.7 percent rise in third-quarter net profit, in line with analysts' forecasts.
Deposits at NCB, which has perhaps the closest links to the government, slipped 2.8 percent year on year to 302.59 billion riyals at the end of September, continuing the decline in levels seen in the first half of 2017 and 2016.
Saudi banks faced an outflow of deposits last year as falling oil prices strained public finances. Most of those deposits have since returned.
Reuters
21/10/2025
Saudi National Bank (SNB) reported on Monday around a 20% increase in third-quarter net profit on a double-digit rise in operating income, while operating expenses declined.
The kingdom's big
Asharq Al Awsat
28/08/2025
SNB Capital has successfully closed 100 investment banking transactions since the firm's inception in 2021, with a combined value of more than SAR750 billion ($200 billion) averaging closing 2 to 3 t
Trade Arabia
11/08/2025
SNB Capital, a leading regional financial institution, said it has successfully completed the SAR7.1 billion ($1.9 billion) capital increase of Acwa Power, Saudi Arabia's leading developer, investor,
Trade Arabia
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28/01/2026
In a new achievement underscoring its institutional leadership and ability to adapt to the rapid transformations shaping today's business environment, National Investments Company announced that it h
Kuwait Times
28/01/2026
Gulf Bank announced the launch of its new application dedicated to SME & corporate enterprise banking, designed to meet the evolving needs of businesses across various sectors. The launch reflects th
Kuwait Times
28/01/2026
Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that, by the grace of Allah, KFH has reported net profit of KD 632.1 million attributable to the shareholders of the bank for
Kuwait Times
28/01/2026
Boubyan Bank announced its financial results for the year ended December 31, 2025, with its net profits growing by 4 percent compared with 2024 to reach KD 100.5 million. Profit Before Tax (PBT) grew
Kuwait Times
28/01/2026
National Bank of Kuwait (NBK) has announced its financial results for the financial year ended December 31, 2025. The bank reported a net profit of KD 575.6 million ($1.9 billion), compared to KD 600
Kuwait Times
Financial Information Co.
Saudi Arabia