Riyad Bank reported earnings results for the fourth quarter ended December 31, 2015. For the quarter, the company reported 19.7% fall in net profit. The bank made SAR 851 million ($226.9 million) down from SAR 1.06 billion in the same period of 2014.

It cited for the profit drop lower operating income smaller gains for non-trading investments and reduced fee and commission income as well as a 12.5% rise in operating expenses. Operating income fell by 4.4% on the corresponding period of 2014 to SAR 1.91 billion while profits from special commissions increased 1.3% over the same timeframe to SAR 1.35 billion.