Al Rajhi Bank maintains precautionary provisioning, NPL coverage rises to 293%: Chairman
25/10/2020
Argaam
Al Rajhi Bank continued to maintain its precautionary provisioning policy, chairman Abdullah bin Sulaiman Al Rajhi said in a press statement.
He added that the non-performing loan (NPL) coverage ratio increased to 293%.
The bank reported a net profit of SAR 7.4 billion for the first nine months of 2020, a decrease of 5%, compared to SAR 7.8 billion in the same period a year earlier.
The bank’s net profit for Q3 2020 declined 3% YoY to SAR 2.6 billion.
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TASI
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ALRAJHI
66.40
1.20
1.84%
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