Riyad Bank Chairman Rashid Al-Rashid confirmed that the bank posted a net profit of 3.049 million riyals for the nine-month period ending September 30, down 4.7% from the same period last year, Net commission income also rose to 3.948 million riyals, compared to 3.836 million riyals, an increase of 2.9%, He added that total operating income amounted to 5.869 million riyals, compared to 6,078 million riyals, a decrease of 3.4%. Al-Rashid emphasized the bank’s continued focus on core banking activities and the further strengthening of its financial position, noting that the loan and advance portfolio reached 152.631 million riyals, compared to 138.464 million riyals—an increase of 10.2%, while the investment portfolio stood at 44.009 million riyals, compared to 47.220 million riyals for the same period last year, a decrease of 6.8%. Customer deposits totaled 160.821 million riyals, compared to 161.120 million riyals, a decrease of %0.2, while total assets amounted to 223.472 million riyals, compared to 216.975 million riyals, an increase of 3%.
Riyad Bank Lends 152.6 Million Riyals and Reports Profits of 3.05 Million Riyals Through the End of Last September
