_1777294237270_124456903.png&w=64&q=75){kind=small}
Al-Ahli Q3 profit drops 0.3 percent
The National Commercial Bank of Saudi Arabia announced its financial results for the third quarter of 2026, reporting a 0.29% year-over-year decrease in net profit to 6.45 billion riyals, mainly due to higher operating expenses and increased credit loss provisions. Over the first nine months of the year, the bank's profits grew by 4.57% to reach 19.479 billion riyals, supported by a 4.55% growth in the loan portfolio and gains from higher income from financing and investments. However, profits in the most recent quarter declined compared to the previous quarter, due to decreased operating income and higher provisions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)