15/01/2011
- The fourth quarter net income was SAR 238 million compared to a loss of SAR 109 million for the same quarter last year, and compared to a net income of SAR 149 million for the previous quarter with an increase of 60%.
- Operating income for the fourth quarter reached SAR 412 million compared to SAR 468 million for the same quarter last year, an decrease of 12%.
- Net special commission income for the fourth quarter reached SAR 324 million compared to SAR 271 million for the same quarter last year, an increase of 20%.
- Net income for the year reached SAR 429 million compared to SAR 522 million for last year, a decrease of 18%.
- Earnings per share reached SAR 0.95 compared to SAR 1.16 for the same period last year.
- Operating income for the year reached SAR 1,749 million compared to SAR 1,517 million for last year, an increase of 15%.
- Net special commission income for the year reached SAR 1,315 million compared to SAR 1,014 million for last year, an increase of 30%.
- Assets reached to SAR 51,491 million compared to SAR 50,148 million for the same period last year with an increase of 3%. Investments reached SAR 8,925 million compared to SAR 11,554 million for the same period last year with a decrease of 23%. Loans and advances reached SAR 31,002 million compared to SAR 29,785 for the same period last year with an increase of 4%. Customers’ deposits reached SAR 37,215 million compared to SAR 38,247 for the same period last year with a decrease of 3%.
- The decrease in net income was due to the overall increase in operating expenses.
