Jan. 16 (Bloomberg) -- Banque Saudi Fransi, a Saudi lender part-owned by Credit Agricole SA, posted a 7 percent decline in fourth-quarter profit as operating expenses increased.
Net income fell to 661 million riyals from 709 million riyals a year earlier, the Riyadh-based lender said in a statement to the Saudi bourse today. The mean estimate of six analysts was for a profit of 855 million riyals, according to data compiled by Bloomberg.
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