Operating income was SR4.83 billion for the year — a reduction of SR321 million, or 6.2 percent, compared with SR5.16 billion for the same period in 2009.

Customer deposits amounted to SR94.7 billion — an increase of SR5.5 billion, or 6.2 percent, compared with SR89.2 billion in 2009.

Loans and advances to customers was reported to be SR74.2 billion — a reduction of SR2.2 billion, or 2.9 percent, from SR76.4 billion in 2009.

The bank’s investment portfolio totaled SR25.0 billion in 2010, an increase of 5.0 percent compared with SR23.8 billion in 2009.

Total assets were SR125.4 billion, compared with SR126.8 billion in 2009, a reduction of 1.1 percent, or SR1.4 billion.

Earnings per share was SR2.51 for 2010 — a reduction of 7.4 percent from SR2.71 for the same period in 2009.

Sheikh Fouad Abdulwahab Bahrawi, acting chairman of SABB, said: “Despite a challenging environment, SABB’s strong operating income streams and cost containment measures enabled the bank to report satisfactory profits for the year ended Dec. 31, 2010 and position ourselves well for 2011.”