Riyad Bank posts 12% profit rise in the first nine months of 2012
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The net profit for Riyad Bank, Saudi Arabia's fourth-largest bank, in the first nine months of 2012 totaled SAR 2656 mln (1.77 SAR/Share) , an increase of 12% compared to the same period of 2011, as shown in the following table:
Net Special Commission Income
The Bank referred the increase in the first nine months of 2012 compared to the same period of 2011 to the increase in total operating income, while the decrease in Q3 net profit compared to Q2 was due to total operating income reduction.