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الاقتصادية
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National Bank quarterly profit dips amid credit provisions
The National Commercial Bank of Saudi Arabia, the largest bank in the country by assets, reported a profit of approximately 6.45 billion riyals for the third quarter of 2026, marking a slight decline of 0.3% year-on-year. This came despite an increase in operating expenses and credit loss provisions, as well as continued modest growth in financing and investment income, which rose by 1% to 16 billion riyals, supported by a 2.6% increase in the credit portfolio. This represents the first quarterly decrease in the bank's profits in nearly five years and reflects financial pressures on the bank despite satisfactory performance in some sectors.
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