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Arab Bank profits fall sharply in third quarter

Source: Internet
Author: User
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China Economic network Beijing October 13 (intern reporter Lu Hongwei) According to the Arab market network Saudi economy October 12 reported: The Arab State Bank in the third quarter net profit of only 347 million, compared with the 633 million in the same period last year, the decline of 45.3%. At the same time, its total net profit for the 9 months of this year was 1.61 billion riyal, down 22.4% from the net profit of 2.07 billion riyal in the same period last year.　　Banks say the decline in profits is related to the government's conservative policy on banks. (Responsible editor: Lin Su-min)

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