Banque Saudi Fransi's Q2 net profit exceeds forecasts: Alistithmar Capital

23/07/2015 Argaam

Banque Saudi Fransi's (BSF) Q2 net profit— at SAR 1.01 billion— came ahead of Alistithmar Capital’s estimate of SAR 973 million, the brokerage firm said in a report.

 

Alistithmar kept an “accumulate” rating on the stock with its target price unchanged at SAR 40.

 

BSF is also expected to see higher deposits, thanks to maintaining strong credit activity, Alistithmar Capital added.

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