Riyadh – Mubasher: Arab National Bank (ANB) has reported a 14.2% year-on-year profit increase during the third quarter of the fiscal year 2019.

The bank’s net profit reached SAR 834.8 million in Q3-19, compared to SAR 731.1 million in the year-ago period, according to a bourse statement released on Thursday.

Quarterly, ANB’s net profit went down by 6.6%, from SAR 894.2 million in the second quarter of 2019. 

In the first nine months of the year, the Tadawul-listed bank’s profit jumped 17.05% to SAR 2.51 billion, against SAR 2.14 billion the year before.

ANB’s net profits surged by 19.6% to SAR 894.2 million in Q2-19, compared to SAR 747.2 million in Q2-18.