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    1060   SA0007879089

THE SAUDI BRITISH BANK

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Saudi British Bank fourth-quarter net profit falls 35 percent, misses forecasts

01/19/2017 | 12:58pm EDT

DUBAI (Reuters) - Saudi British Bank (>> The Saudi British Bank) (SABB), the kingdom's sixth-largest bank by assets, posted a 35 percent drop in its fourth-quarter net profit on Thursday, missing analysts' forecasts.

DUBAI (Reuters) - Saudi British Bank (>> The Saudi British Bank) (SABB), the kingdom's sixth-largest bank by assets, posted a 35 percent drop in its fourth-quarter net profit on Thursday, missing analysts' forecasts.

The bank, an affiliate of HSBC Holdings (>> HSBC Holdings plc), said it made 607 million riyals (£132 million) in the three months ending Dec. 31, compared with 939 million riyals in the same period a year earlier, according to a bourse filing.

Three analysts surveyed by Reuters expected the bank to post an average net profit of 1.02 billion riyals for the quarter.

(Reporting by Tom Arnold; editing by Susan Thomas)

Stocks treated in this article : The Saudi British Bank, HSBC Holdings plc

© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
HSBC HOLDINGS PLC 1.94% 376.05 Delayed Quote.-0.74%
LETS HOLDINGS GROUP CO., LTD. -2.84% 6.5 End-of-day quote.-16.45%
NEXT PLC 1.50% 8122 Delayed Quote.14.62%
THE SAUDI BRITISH BANK 1.06% 33.35 End-of-day quote.34.91%
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Analyst Recommendations on THE SAUDI BRITISH BANK
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Financials
Sales 2021 8 116 M 2 165 M 2 165 M
Net income 2021 3 634 M 969 M 969 M
Net Debt 2021 - - -
P/E ratio 2021 19,2x
Yield 2021 3,34%
Capitalization 68 527 M 18 277 M 18 277 M
Capi. / Sales 2021 8,44x
Capi. / Sales 2022 7,82x
Nbr of Employees 4 156
Free-Float 42,4%
Chart THE SAUDI BRITISH BANK
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The Saudi British Bank Technical Analysis Chart | 1060 | SA0007879089 | MarketScreener
Technical analysis trends THE SAUDI BRITISH BANK
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TrendsNeutralBullishBullish
Income Statement Evolution
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Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 33,35 SAR
Average target price 29,41 SAR
Spread / Average Target -11,8%
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Managers and Directors
Anthony William Cripps Chief Executive Officer, MD & Director
Mathew Pearce Chief Financial Officer
Lubna Suliman Al-Olayan Chairman
Musaifer Al Osaimi Chief Information Officer
Ghada Al Jarbou Chief Operating Officer
Sector and Competitors