Operating income for the second quarter reached SR425 million compared to SR449 million for the same quarter last year.
Net income for the six months period was SR416 million compared to SR43 million for the same period last year.
Assets as of June 30, 2011 reached SR50,569 million, an increase of 3.5 percent from last year. Investments reached SR8,780 million compared to SR10,097 million for the same period last year with a decrease of 13 percent.
Loans and advances reached SR30,634 million compared to SR30,553 for the same period last year with an increase of 0.3 percent.
Customer deposits reached SR36,084 million compared to SR35,774 for the same period last year.
The increase in net income in the first half of 2011 and the second quarter of 2011 compared to the first half of 2010 and the first quarter of 2011, respectively, was due to a decrease in operating expenses. Earnings per share for the first six months of 2010 was SR0.08, and this was recalculated to reflect the increase in the banks capital from 450 million shares to 550 million shares which was approved in the Extraordinary General Assembly meeting on March 26, 2011.
