Riyadh – Mubasher: Banque Saudi Fransi posted a decline of 4.1% in profits to SAR 1 billion ($268 million) during the second quarter of 2017 compared to SAR 1.05 billion ($279 million) in the same period in 2016.

On a quarterly basis, the bank’s earnings retreated 8.97% in Q2 compared to the first quarter which registered SAR 1.1 billion profits, according to a bourse statement issued on Monday.

During the first six months of 2017, profits declined by 0.8% to SAR 2.11 billion from SAR 2.13 billion in the same period a year ago.