The National Commercial Bank's (NCB) net profit rose by 30.4 percent to SR1.217 billion in the first quarter of this year compared to its profit over the same period in 2004. NCB Chairman and Managing Director Abdullah Bahamdan said the bank's net operating income also grew by 35 percent to reach SR1.263 billion compared to SR936 million last year. Shareholders' equity grew by 33 percent to SR15.160 billion by the end of March, thus reinforcing its strong capital adequacy ratio, the chairman said.
