The Saudi British Bank (SABB) recorded a net profit of SR1.07 billion for the six months ended June 30, 2010 - a reduction of SR368 million, or 25.6 percent, compared with SR1.44 billion for the same period in 2009. Net special commission income decreased by SR62 million, or 3.5 percent, compared with the same period in 2009, reflecting a contraction in average loans and advances, SABB said in a press statement on Monday. Operating income of SR2.57 billion for the six months ended June 30, was down SR104 million or 3.9 percent, compared with SR2.67 billion for the same period in 2009.
