Banque Saudi Fransi Q3 profit down 1.9 pct

RIYADH, Oct 10 (Reuters) - Banque Saudi Fransi 1050.SE, one of Saudi Arabia's five biggest lenders by market value, on Saturday posted a 1.9 percent fall in third-quarter net profit on lower fees from deposit management and its local brokerage.

Saudi Fransi made 714 million riyals ($190.4 million) in the three months to Sept. 30 compared to 728.6 million riyals a year earlier, it said in a statement posted on the bourse's website.

"The decline is due to the important decrease in management fees despite an increase in deposits and also to the decrease in trading operations on local shares," it said in the statement. (Reporting by Souhail Karam, editing by Raissa Kasolowsky)