DUBAI, Oct 18 (Reuters) - Riyad Bank, Saudi Arabia’s fourth-largest lender by assets, posted an 8.2 percent rise in third-quarter net profit on Thursday, in line with analysts’ forecasts.
The bank made 1.17 billion riyals ($311.9 million) in the three months to Sept. 30, up from 1.08 billion riyals in the same period a year earlier, it said in a bourse filing.
An average of three analysts polled by Reuters forecast the bank would make a quarterly profit of 1.15 billion riyals.
The bank attributed the stronger performance to a rise in special commission income and fee and commission income.
Samba Financial Group, Saudi Arabia’s third-largest bank by assets, reported a 13.2 percent rise in third-quarter net profit earlier on Thursday, beating analysts’ forecasts. ($1 = 3.7514 riyals) (Reporting By Tom Arnold; editing by Emelia Sithole-Matarise)