Total operating income reached SR4,541 million compared to SR4,504 million for the same period last year, an increase of 0.8 percent. Net special commission income reached SR3,181 million compared to SR3,158 million for the same period last year, representing an increase of 0.7 percent. The earnings per share reached SR2.55 compared to SR2.25 for the same period last year.
By the end of 2011, assets reached SR117.6 billion against SR116.0 billion for the same period last year representing an increase of 1.3 percent. Investments reached SR26.1 billion compared to SR32.8 billion for the same period last year representing a decrease of 20.4 percent, while the loans portfolio reached SR72.8 billion against SR66.2 billion for the same period last year representing an increase of 10.0 percent. Customers’ deposits reached SR87.9 billion against SR84.2 billion for the same period last year, representing an increase of 4.3 percent.
Commenting on the bank’s results, Robert Eid, managing director and chief executive officer, said: “The increase in the bank’s profits resulted principally from balanced growth in various business lines, and its conservative risk management culture.”
