RIYADH, Oct 24 (Reuters) - Samba Financial Group, Saudi Arabia's second-biggest lender by market value, booked 76.9 million riyal ($20.5 million) in loan provisions in the third quarter, bourse data showed on Saturday.
The provisions ere the lowest in at least one year. The lender booked 97.3 million riyals for loan losses in the second quarter and 33.2 million in the third-quarter of 2008.
The lender has posted a 0.7 percent rise in third-quarter net profit.
(Reporting by Souhail Karam; Editing by Inal Ersan) ($1=3.75 Saudi riyals) Keywords: SAMBA PROVISIONS/ (souhail.karam@reuters.com, +966 1 463 2603; Reuters Messaging: souhail.karam.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The provisions ere the lowest in at least one year. The lender booked 97.3 million riyals for loan losses in the second quarter and 33.2 million in the third-quarter of 2008.
The lender has posted a 0.7 percent rise in third-quarter net profit.
(Reporting by Souhail Karam; Editing by Inal Ersan) ($1=3.75 Saudi riyals) Keywords: SAMBA PROVISIONS/ (souhail.karam@reuters.com, +966 1 463 2603; Reuters Messaging: souhail.karam.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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