Operating income for the first quarter reached SR459 million compared to SR414 million for the same quarter last year, with an increase of 11 percent.
Net special commission income for Q1 reached SR291 million compared to SR316 million for the same quarter last year, a decrease of 8 percent.
Earnings per share for the three months reached SR0.39 compared to SR0.38 for the same period last year.
Assets as of March, 2012 reached SR52,189 million compared to SR51,219 million for the same period last year with an increase of 2 percent. Investments reached SR9,001 million compared to SR8,356 million for the same period last year with an increase of 8 percent. Loans and advances reached SR27,981 million compared to SR30,779 million for the same period last year with a decrease of 9 percent. Customer deposits reached SR36,945 million compared to SR37,971 million for the same period last year with a decrease of 3 percent.
The increase in net income for Q1, 2012 compared to the same period last year was due to the increase in operating income.
