04/04/2012
The Saudi Investment Bank announces its interim 1st Quarter results as of 31/03/ 2012 (Three Months) as follows:
- The first quarter net income was SAR 212 million compared to SAR 208 million for the same quarter last year with an increase of 2%, and compared to a net income of SAR 147 million for the previous quarter with an increase of 44%.
- Operating income for the first quarter reached SAR 459 million compared to SAR 414 million for the same quarter last year, with an increase of 11%.
- Net special commission income for the first quarter reached SAR 291 million compared to SAR 316 million for the same quarter last year, a decrease of 8%.
- Earnings per share for the three months reached SAR 0.39 compared to SAR 0.38 for the same period last year.
- Assets as of 31/03/2012 reached SAR 52,189 million compared to SAR 51,219 million for the same period last year with an increase of 2%. Investments reached SAR 9,001 million compared to SAR 8,356 million for the same period last year with an increase of 8%. Loans and advances reached SAR 27,981 million compared to SAR 30,779 million for the same period last year with a decrease of 9%. Customers’ deposits reached SAR 36,945 million compared to SAR 37,971 million for the same period last year with a decrease of 3%.
- The increase in net income for the first quarter of 2012 compared to the same period last year was due to the increase in operating income.
