JEDDAH: Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 3.5 percent rise in its third-quarter net profit.
The Kingdom's fifth-largest bank by market value said it made SR685 million ($182.7 million) in the three months ending Sept. 30, compared with SR662 million in the same period a year earlier, it said in a bourse statement.
The bank attributed its rise in net profit to an increase in total operating income, which rose 5.3 percent year-on-year. Profit for the opening nine months of the year decreased 3.4 percent to SR2.13 billion.
Loans and advances at the end of the third quarter stood at SR112.6 billion, gaining 10.1 percent on the same point of 2012, while the bank held deposits worth SR125 billion at the end of September, up 6.9 percent over the same timeframe.
