RIYADH, July 31 (Reuters) - Saudi Arabia's second-biggest lender Samba Financial Group added more provisions for loan loss during the second quarter, although these fell 41 percent year-on-year, bourse data showed on Saturday.
The much-smaller Saudi Investment Bank meanwhile raised its provisions for loan loss in the second quarter to 300 million riyals ($80 million), up 400 percent compared to the same period last year.
The data showed Saudi banks are pressing on with a clean-up of their loan portfolios after defaults by some local firms.
Samba booked 57.4 million riyals for loan losses during the second quarter, compared to 97.9 million 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.net)
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