Al Bilad Bank Quarterly Profit Falls 3.5% on Pressure from Credit Loss Provisions

Al Bilad Bank's net profit fell about 3.5% year-on-year in the third quarter of this year to SAR 740 million. The bank attributed the decline to pressure from credit loss provisions.

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• Net profit reached SAR 740 million in the third quarter, compared with SAR 766 million in the same quarter of the previous year.

  «إلى 740 مليون ريال، مقابل صافي ربح 766 مليون ريال خلال الربع المماثل من العام السابق»

  صحيفة الاقتصادية on MSN
• The bank announced the reason for the decline in a statement, namely pressure from credit loss provisions.

  «البنك عزا ذلك عبر بيان»

  صحيفة الاقتصادية on MSN
• Asharq Bloomberg reported that the decline was due to pressure from credit provisions.

  «تراجعت أرباح بنك البلاد الفصلية بسبب ضغط المخصصات الائتمانية.»

  الشرق بلومبرغ

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