The net profit during the year amounted to SR4.724
billion compared to SR4.040 billion for the previous year, an increase of 16.9
percent, whereas operating income during the year reached SR11.667 billion
against SR11.479 billion for the previous year, an increase of 1.6 percent.
Total assets, as of Dec. 31, 2010, amounted to SR282.372
billion compared to SR257.452 billion at the end of the previous year, an
increase of 9.7 percent. Loans and advances amounted to SR125.597 billion
compared to SR112,158 billion at the end of the previous year, an increase of
12 percent. Customer deposits grew to reach SR229.160 billion compared to
SR202.583 billion at the end of the previous year, an increase of 13.1 percent.
This increase in profits affirms the bank's ability to
deploy effectively its funds; the bank's strategy to expand its sources of
revenue has contributed to this result, the bank said in a statement on Monday.
