Banque Saudi Fransi Q1 net profit rises 22.7 pct, beats forecasts

April 8, 2015 1:25 PM

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DUBAI, April 8 (Reuters) - Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 22.7 percent rise in its first-quarter net profit, it said in a statement on Wednesday, beating analysts' forecasts.

The kingdom's fifth-largest bank by assets said it made 1.05 billion riyals ($279.9 million) in the three months ending March 31, compared with 856 million riyals in the same period a year earlier.

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