DUBAI, Oct 24 (Reuters) - Saudi National Bank (SNB), the
country's biggest lender, on Sunday posted a nearly 20% rise in
third-quarter profit from higher fees.
SNB reported a net profit of 3.8 billion riyals ($1.0
billion) for the quarter that ended on Sept. 30, up from 3.2
billion riyals in the same period a year earlier.
The result was better than the 3.6 billion riyals average
analysts' forecast on Refinitiv Eikon data.
The Saudi bank said total operating income increased by
38.4% mainly due to higher net special commission income,
foreign exchange income and higher fees from banking services
.($1 = 3.7507 riyals)
(Reporting by Hadeel Al Sayegh; Editing by William Mallard)