Bank Albilad’s Q2 profit falls below forecasts: Aljazira Capital

12/07/2015 Argaam

Bank Albilad’s Q2 profit fell 13.2 percent below estimates set by Aljazira Capital, the brokerage firm said in a report.

 

Aljazira Capital updated Bank Albilad to “neutral,” and maintained the stock’s target price at SAR 34.3.

 

Despite the bank’s higher operating income, net earnings remained relatively stable, due to higher-than-expected provisions, Aljazira added.

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