SABB bank, HSBC's Saudi affiliate, booked SR351.5 million ($93.7 million) in provisions for loan losses during the third quarter, bourse data showed on Saturday.

SABB has reported a worse than expected 19.8 percent drop in third-quarter net profit, hit by an increase in provisions for bad loans.

The data also showed that Al-Jazira Bank made provisions for loan losses of SR115.7 million during the third quarter, the lender's highest in at least one year, while Saudi Investment Bank (SAIB) booked SR60 million for the same purpose, its the highest this year.-Reuters