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NCB's net income rises 1% in 9 mos.
Published in The Saudi Gazette on 17 - 10 - 2016

The National Commercial Bank (NCB) announced the net income for the nine month of 2016 reached SR7,030 million compared to SR6,963 million for the same period of the previous year, an increase of 1%. NCB net profit for the third quarter reached to SR1,962 compared to SR1,994 million for the same quarter of the previous period, a decrease of 1.6%.
NCB Chairman of the Board Mansour Al-Maiman said the bank's total assets reach SR439 billion compared to SR477 billion at the end of the same period of the previous year. Total shareholders' equity attributable to equity holders of the bank reached SR59 billion compared to SR51 billion, for the same period of the previous year, an increase of 15%. Earnings per share reached SR3.52 compared to SR3.48 at the end of the same period of the previous year.
Loans and advances portfolio increased to SR260 billion compared to SR239 billion at the end of the same period of the previous year, an increase of 9%. Customer deposits reach to SR311 billion compared to SR367 billion at the end of the same period of the previous year.


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