Riyadh – Mubasher: Bank Albilad reported a 14.67% year-on-year increase in net profit during the second quarter of 2019, recording SAR 304.9 million.
The bank ascribed the increase in its profit to the increase in net income from investment and financial assets, according to a bourse statement released on Wednesday.
In the first six months of 2019, Albilad’s net profit went up to SAR 590 million, compared to SAR 512 million a year earlier.
The Tadawul-listed bank reported a 23.58% year-on-year and an 8.6% quarter-on-quarter profit increase in the first quarter of 2019, recording SAR 316.5 million.
Source: Mubasher
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