Saudi's Riyad Bank second quarter net profit rises

Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 1.6 percent rise in second-quarter net profit on Sunday, beating analysts forecasts. The bank made 1.15 billion riyals ($306.6 million) in the three months to June 30, up from 1.13 billion riyals in the same period of 2015, it said in a bourse filing.
Operating income for the second quarter fell by 6.5 percent on the corresponding period of 2015 to 2.03 billion riyals, while profits from special commissions increased 5.2 percent over the same timeframe to 1.36 billion riyals. Loans and advances at the end of June stood at 154.67 billion riyals.