Saudi's Riyad Bank Q4 net profit up 2.9 pct, beats forecasts
 

DUBAI, Jan 11 (Reuters) - Riyad Bank, Saudi Arabia's third-largest lender by assets, posted a 2.9 percent rise in its fourth-quarter net profit on Sunday, beating analysts' average forecast. The bank said it made 1.06 billion riyals ($274.4 million) in the three months ending December 31, compared with 1.03 billion riyals in the same period of 2013, citing a 11.1 percent rise in operating income for the advance without elaborating. Analysts surveyed by Reuters expected the bank to post an average net profit of 1.03 billion riyals for the fourth quarter. ...

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