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PSF reports 1.51bn Riyals Q3 income
The Saudi French Bank (P.S.F.) achieved a net profit of 1.51 billion riyals during the third quarter of 2026, representing an increase of 11.53% compared to the same period last year, and a 1.48% rise compared to the previous quarter. This growth is attributed to a 10.1% rise in total operating income, with a slight increase of 9.7% in operating expenses. The main sources of income mainly increased in net commissions and fees, profits from trading, and foreign currency exchange, despite a decline in unrealized investment gains. On the other hand, operating expenses rose due to credit impairment provisions and employee salaries.
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