Riyadh – Mubasher: The National Commercial Bank’s (NCB) net profits for the last year inched up by 0.34% on a year-on-year (YoY) basis to stand at SAR 11.44 billion.
The marginal increase in NCB's annual profits was backed by a rise in total operating income by 4.3%, partially offset by higher total operating expenses including impairments by 9.4%, according to a bourse statement on Tuesday.
Net income from special commissions/financing and investments grew by 1.9% YoY last year to reach SAR 16.7 billion, while the Saudi lender's assets jumped by 18.3% annually to SAR 599.4 billion.
