Operating income of SR4.90 billion for the year ended Dec. 31, 2011 — an increase of SR60 million or 1.2 percent, compared with SR4.84 billion for the same period in 2010.
Customer deposits of SR105.6 billion at Dec. 31, 2011 — an increase of SR10.9 billion or 11.5 percent, compared with SR94.7 billion at Dec. 31, 2010.
Loans and advances to customers of SR84.8 billion at Dec. 31, 2011 — an increase of SR10.6 billion or 14.3 percent, from SR74.2 billion at Dec. 31, 2010.
The bank's investment portfolio totaled SR22.2 billion at Dec. 31, 2011, a decrease of SR2.8 billion, or 11.2 percent compared with SR25 billion at Dec. 31, 2010.
Total assets were SR138.7 billion at Dec. 31, 2011, compared with SR125.4 billion at Dec. 31, 2010, an increase of 10.6 per cent or SR13.3 billion.
Earnings per share of SR3.85 for the year ended Dec. 31, 2011 — an increase of 53.4 percent from SR2.51 for the same period in 2010.
"SABB has achieved strong profit growth with its robust and diversified operating income streams and cost containment measures,” said Khaled Olayan, chairman of SABB.
“SABB has steadily grown its balance sheet during the year with ongoing drive to book quality business and continues to take a prudent view on provisioning. We are committed to supporting our customers and seeking new opportunities for business growth,” said the chairman.
"We thank our customers for their continued support and our staff for their commitment and contribution to the bank's success," he added.
