Samba bank Q3 profit declines

RIYADH: Samba Financial Group, Saudi Arabia’s second-biggest lender by market value, said yesterday third-quarter profit fell 7.5 percent and blamed a decline in brokerage fees for a bad performance this year. The bank made a net profit of SR1.2 billion ($320 million) in the three months to Sept. 30, down from SR1.3 billion a year earlier.