Riyadh – Mubasher: Saudi British Bank’s (SABB) profits grew 1.23% year-on-year to SAR 1.15 billion ($306.93 million) in the second quarter of 2016 from SAR 1.14 billion ($303.2 million), according to a bourse filing.
A 5.1% growth in total operating income mainly contributed to the net profit increase, SABB said.
Total operating expenses also levelled up 7.1%, due to the rise in salaries’ expenses.
The bank’s net profits rose 1.82% in the first six months of 2016 to SAR 2.3 billion, compared to SAR 2.25 billion in the year-ago period.
