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Al-Ahly's Q3 profits drop 0.3 percent
The National Commercial Bank of Saudi Arabia announced its financial results for the third quarter of 2026. Net profits decreased by 0.29% year-over-year to reach 6.45 billion riyals, with a decline of 2.36% compared to the previous quarter. The decrease in profits is attributed to higher operating expenses and an increase in expected credit loss provisions, despite a 2.18% rise in operating income. For the first nine months of 2026, the bank's net profits grew by 4.57% to 19.479 billion riyals, supported by a 4.5% growth in operating income. The loan and advances portfolio increased by 4.55%, customer deposits grew by 4.75%, and shareholders' equity rose by 6.51%. However, the total comprehensive income attributable to shareholders declined by 24.18%.
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