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

Banking

Al Rajhi Q3 profit jumps 12% as operating income grows

Impairment charges and staff costs both fell during the quarter

Michael Fahy
Michael Fahy

October 29, 2019