SNB, created through the merger of NCB and Samba Financial Group, on Monday reported a 20% rise in its first quarter net profit. Michael Bou-Nacklie / The National
SNB, created through the merger of NCB and Samba Financial Group, on Monday reported a 20% rise in its first quarter net profit. Michael Bou-Nacklie / The National

Banking

Saudi National Bank reports 20% jump in first quarter profit as economy rebounds

Net impairments for expected credit losses dropped 29% to $74.6m

Sarmad Khan
Sarmad Khan

April 26, 2021