Thursday 19, January 2012 by Robin Amlôt
NCB Capital snapshot – Riyad Bank results
NCB Capital (NCBC) comments, “Riyad Bank’s (RIBL) net income for Q4 2011 grew 1.9 per cent YoY to SAR 778 million, in-line with consensus and our estimate. Moderate growth in NSCI and strong non-interest income improved RIBL’s top-line performance but higher costs pressured net income for Q4 2011.”
