ATM machines at Al Rajhi Bank in Riyadh. The lender reported a 7 per cent drop in first-quarter net profit on higher operating expenses and impairment charge. Bloomberg
ATM machines at Al Rajhi Bank in Riyadh. The lender reported a 7 per cent drop in first-quarter net profit on higher operating expenses and impairment charge. Bloomberg

Business

Al Rajhi Bank first-quarter profit slides on higher operating expenses and impairment charges

Provisions for bad loans climbed 78% to 693m riyals during the reporting period

Fareed Rahman
Fareed Rahman

May 13, 2020