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Banque Saudi Fransi Q4 profit climbs 11.6pc

RIYADH, January 13, 2016

Banque Saudi Fransi, a lender part-owned by Credit Agricole, posted a 11.6 percent rise in fourth-quarter net profit on Wednesday, beating analysts' forecasts.

The bank made a profit of SR950 million ($253.2 million) in the three months ending December 31, compared with SR851 million  in the same period a year earlier, it said in a bourse statement.

Seven analysts surveyed by Reuters had on average forecast the bank would make a quarterly profit of 891.8 million riyals.  - Reuters




Tags: Saudi Arabia | Banque Saudi Fransi |

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