The Saudi Investment Bank Announces the Interim Financial Results for the period ended 30/09/2014 (nine months)

13/10/2014
ELEMENT CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE CURRENT PREVIOUS QUARTER % CHANGE PREVIOUS
NET PROFIT (LOSS) 371.2 325.4 14.1 352.9 5.2
TOTAL PROFIT (LOSS) OPERATION INCOME\ INVESTMENTS 576.1 501.4 14.9 550.8 4.6
NET PROFIT (LOSS) SPECIAL COMMISSION INCOME\ INVESTMENTS 389.1 346.6 12.3 371.1 4.9


ELEMENT CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
NET PROFIT (LOSS) 1,061.6 960.1 10.6
TOTAL PROFIT (LOSS) OPERATION INCOME\ INVESTMENTS 1,884.2 1,525.5 23.5
NET PROFIT (LOSS) SPECIAL COMMISSION INCOME\ INVESTMENTS 1,114.8 1,029.7 8.3
EARNING OR LOSS PER SHARE, RIYALS 1.77 1.60 -
TOTAL ASSETS 90,548 70,814 27.9
INVESTMENTS 23,238 15,886 46.3
LOANS AND ADVANCES PORTFOLIO 57,565 42,725 34.7
CUSTOMER DEPOSIT 69,683 51,849 34.4

ALL FIGURES ARE IN (MILLIONS) SAUDI ARABIA, RIYALS

  ELEMENT   EXPLAINATION
  REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR   THE INCREASE IN OPERATING INCOME.
  REASON OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH THE SAME PERIOD LAST YEAR   THE INCREASE IN OPERATING INCOME.
  REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER   THE INCREASE IN OPERATING INCOME.
  OTHER NOTES   THE INCREASE IN OPERATING INCOME FOR THE CURRENT PERIOD IS DUE TO THE CHANGE IN ACCOUNTING TREATMENT OF THE BANKS INVESTMENT IN ONE OF ITS ASSOCIATES WHICH RESULTED IN NON-RECURRING INCOME RECORDED IN GAINS ON NON-TRADING INVESTMENTS, NET BOOKED IN THE FIRST QUARTER OF 2014.
  OTHER NOTES   EARNINGS PER SHARE FOR THE FIRST NINE MONTHS OF 2013 WAS SAR 1.60, WHICH WAS RECALCULATED TO REFLECT THE INCREASE IN THE BANKS CAPITAL FROM 550 MILLION SHARES TO 600 MILLION SHARES WHICH WAS APPROVED IN THE EXTRAORDINARY GENERAL ASSEMBLY MEETING ON 01/04/2014.