This is an increase of 10.9 percent and SR1.42 billion for the second quarter of 2011 compared to SR1.23 billion for same quarter of previous year. The second quarter net income rose by 16.1 percent.

The bank’s total assets grew significantly to reach SR314 billion compared to SR263 billion at the end of the same period of the previous year, an increase of 19.2 percent.

Total shareholders’ equity reached SR33.3 billion compared to SR30.7 billion at end of the same period of the previous year, an increase of 8.5 percent.

The loans and advances portfolio increased to SR130 billion compared to SR117 billion at the end of the same period of the previous year, an increase of 11.3 percent. Customer deposits grew to SR251 billion compared to SR205 billion at the end of the same period of the previous year, an increase of 22.4 percent.

NCB Chairman Abdullah Bahamdan expressed his deep gratitude to the bank’s clients and shareholders for their trust in the bank and the board of directors and staff for their continued support to the NCB.