Riyadh – Mubasher: The National Commercial Bank (NCB) disclosed its interim financial results for the third quarter of 2019.

Net profits grew by 20.2% to SAR 2.5 billion in Q3-19, from SAR 2.12 billion in Q3-18, according to the bank’s filing to the Saudi Stock Exchange (Tadawul) on Thursday.

The bank generated SAR 4.9 billion in revenues during the three-month period between July and September, up 4.89% from SAR 4.7 billion in the same period last year.

For the first nine months of 2019, net profits the second-largest bank by asset in the Arab world rose by 16.3% year-on-year to SAR 8.01 billion.

Total revenues of NCB went up by 9.02% to SAR 14.57 billion by the end of September, compared to SAR 13.3 billion in September 2018.

The bank’s assets recorded SAR 498 billion in nine months, while investments registered SAR 132.4 billion over the same period.

By the end of September, profit per share stood at SAR 2.58, from SAR 2.21 in the corresponding period a year ago.