The Saudi Investment Bank announces its interim Results as of 30/9/2013

06/10/2013

The Saudi Investment Bank announces its interim third Quarter results as of 30/09/2013 (nine months) as follows:

  1. The third quarter net income was SAR 325.4 million compared to SAR 231.8 million for the same quarter last year with an increase of 40%, and compared to a net income of SAR 320.4 million for the previous quarter with an increase of 2%.
  2. Operating income for the third quarter reached SAR 501.4 million compared to SAR 407.2 million for the same quarter last year with an increase of 23%.
  3. Net special commission income for the third quarter reached SAR 346.6 million compared to SAR 320.6 million for the same quarter last year with an increase of 8%.
  4. Net income for the nine months period was SAR 960.1 million compared to SAR 666.4 million for the same period last year, an increase of 44%.
  5. Earnings per share for the nine month period reached SAR 1.75 compared to SAR 1.21 for the same period last year.
  6. Operating income for the nine month period reached SAR 1,525.5 million compared to SAR 1,285.2 million for the same period last year, an increase of 19%.
  7. Net special commission income for the nine month period reached SAR 1,029.7 million compared to SAR 917.7 million for the same period last year, an increase of 12%.
  8. Assets as of 30/09/2013 reached to SAR 70,814 million compared to SAR 55,049 million for the same period last year with an increase of 29%. Investments reached SAR 15,886 million compared to SAR 10,103 million for the same period last year with an increase of 57%. Loans and advances reached SAR 42,725 million compared to SAR 31,786 million for the same period last year with an increase of 34%. Customers’ deposits reached SAR 51,849 million compared to SAR 38,836 million for the same period last year with an increase of 34%.
  9. The increase in net income for the third quarter of 2013 compared to the same period last year was due to the increase in operating income.
  10. The increase in net income for the nine months period of 2013 compared to the same period last year was due to the increase in operating income and the decrease in operating expenses.
  11. The increase in net income for the third quarter of 2013 compared to the previous quarter was due to the decrease in operating expenses.