Saudi Samba, SAIB book more bad loan pro…

RIYADH, July 31 (Reuters) – Saudi Arabia’s support-biggest lender Samba Financial Group added more provisions for loan deprivation during the second quarter, although these fell 41 percent year-attached-year, bourse data showed on Saturday.

The much-smaller Saudi Investment Bank meanwhile raised its food for loan loss in the second quarter to 300 million riyals ($80 the multitude), up 400 percent compared to the same period last year.

The premises showed Saudi banks are pressing on with a clean-up of their lend portfolios after defaults by some local firms.

Samba booked 57.4 the masses riyals for loan losses during the second quarter, compared to 97.9 the masses riyals a year earlier.

(Reporting by Souhail Karam) ($1=3.750 riyals) Keywords: SAUDI BANKS/PROVISIONS

(souhail.karamthomsonreuters.com ; +966 1 463 2603; Reuters Messaging:souhail.karam.reuters.com@reuters.clear)

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