Tadawul -listed banks are expected to report a 10 percent rise year-on-year (YoY) in Q3 2018 net profit to SAR 12.5 billion, based on estimates from investment firms compiled by Argaam .
Ten out of 12 players are forecast to see higher profit, led by Bank Albilad and Alinma Bank with rises of 20 percent and 17 percent YoY, respectively.
Al Rajhi Bank's Q3 net profit is seen climbing 15 percent YoY.
National Commercial Bank is likely to see its earnings 13 percent higher YoY.
Meanwhile, Alawwal Bank and Bank Aljazira are expected to report profit declines of 22 percent and 1 percent YoY, respectively.
On a quarterly basis, the banking sector's aggregate net profit is likely to edge down 1 percent.
The expected drop will be attributed to a potential decline in net earnings of NCB, Arab National Bank, Saudi British Bank (SABB) and Bank Aljazira.
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