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Banque Saudi Fransi annual profits surge 122%

Banque Saudi Fransi annual profits surge 122%
Annual profits for last year reached SAR 3.12 billion
BSFR
1050
0.51% 29.75 0.15

Riyadh – Mubasher: Banque Saudi Fransi (BSF) has reported SAR 3.12 billion in net profit for 2019, with an increase of 122% compared to that of the previous year at SAR 1.4 billion.

The bank attributed the growth in profits to the reduction in Zakat and income tax provision and the increase in net income before Zakat and tax by 9.43%.

Total operating income went up by 1.09%, while total operating expenses decreased by 6.9%.