Riyad Bank increased net profits in the first nine months of the year by 16.6 percent to SR1.416 billion ($377.6 million), the bank has said. The bank, the third-largest listed Saudi bank in terms of market capitalization, said total operating income rose to SR2.498 billion, up 3.5 percent from a year ago. Net special commission income increased by 8.6 percent reaching SR1.77 billion, compared to SR1.63 billion for the same period last year. Assets rose 4.6 percent to SR73.22 billion, loans and advances grew 17.6 percent to SR31.98 billion, and total customer deposits gained 5.7 percent to SR47.48 billion.
