trending Market Intelligence /marketintelligence/en/news-insights/trending/INsnfxOn9P5BCjxuvLLbMw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Samba Financial Group posts 24.7% YOY fall in Q2 profit

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Samba Financial Group posts 24.7% YOY fall in Q2 profit

Samba Financial Group reported a second-quarter net profit of 935 million Saudi Arabian riyals, down from 1.24 billion riyals in the same period in 2018.

The Saudi bank primarily attributed the 24.7% decline in net profit to a 66.7% increase in total operating expenses due to higher provision for credit impairment.

Net income for special commissions and investments increased on a yearly basis to 1.61 billion riyals from 1.54 billion riyals. Total operation profit grew year over year to 2.17 billion riyals from 2.08 billion riyals.

For the first half, the lender reported a net profit of 2.00 billion riyals, down from 2.39 billion riyals a year earlier. Profit per share for the period amounted to 1.02 riyals, down from the year-ago 1.22 riyals.

As of July 31, US$1 was equivalent to 3.75 Saudi Arabian riyals.