12/07/2010
- The second quarter net income was SAR 22 million compared to SAR 188 million for the same quarter last year with a decrease of 88%, and compared to a net income of SAR 21 million for the previous quarter, an increase of 5%.
- Operating income for the second quarter reached SAR 449 million compared to SAR 361 million for the same quarter last year, an increase of 24%.
- Net special commission income for the second quarter reached SAR 328 million compared to SAR 263 million for the same quarter last year, an increase of 25%.
- Net income for the six months period was SAR 43 million compared to SAR 428 million for the same period last year, a decrease of 90%.
- Earnings per share for the six months period reached SAR 0.09 compared to SAR 0.95 for the same period last year.
- Operating income for the six months period reached SAR 900 million compared to SAR 679 million for the same period last year, an increase of 33%.
- Net special commission income for the six months period reached SAR 640 million compared to SAR 504 million for the same period last year, an increase of 27%.
- Assets as of 30/06/2010 reached to SAR 48,866 million compared to SAR 50,731 million for the same period last year with a decrease of 4%. Investments reached SAR 10,098 million compared to SAR 11,236 million for the same period last year with a decrease of 10%. Loans and advances reached SAR 30,553 million compared to SAR 30,153 for the same period last year with an increase of 1%. Customers’ deposits reached SAR 35,774 million compared to SAR 36,364 for the same period last year with a decrease of 2%.
- The decrease in net income, despite the increase in the operating income and the significant improvement in the net special commission income, was mainly due to the provisions taken during the period to continue supporting the bank’s financial position.
