The Saudi Investment Bank Announces its Interim Results as of 30/06/2013 (six months)

The Saudi Investment Bank Announces its Interim Results as of 30/06/2013 (six months)

03/07/2013

The Saudi Investment Bank announces its interim 2nd Quarter results as of 30/06/2013 (six months) as follows:

  1. The second quarter net income was SAR 320.4 million compared to SAR 222.4 million for the same quarter last year with an increase of 44%, and compared to a net income of SAR 314.3 million for the previous quarter with an increase of 2%.
     
  2. Operating income for the second quarter reached SAR 518.7 million compared to SAR 419.4 million for the same quarter last year with an increase of 24%.
     
  3. Net special commission income for the second quarter reached SAR 343.4 million compared to SAR 306.5 million for the same quarter last year with an increase of 12%.
     
  4. Net income for the six months period was SAR 634.7 million compared to SAR 434.6 million for the same period last year, an increase of 46%.
     
  5. Earnings per share for the six month period reached SAR 1.15 compared to SAR 0.79 for the same period last year.
     
  6. Operating income for the six month period reached SAR 1,024.1 million compared to SAR 878.0 million for the same period last year, an increase of 17%.
     
  7. Net special commission income for the six month period reached SAR 683.0 million compared to SAR 597.1 million for the same period last year, an increase of 14%.
     
  8. Assets as of 30/06/2013 reached to SAR 66,659 million compared to SAR 53,464 million for the same period last year with an increase of 25%. Investments reached SAR 16,100 million compared to SAR 9,167 million for the same period last year with an increase of 76%. Loans and advances reached SAR 40,414 million compared to SAR 29,795 million for the same period last year with an increase of 36%. Customers’ deposits reached SAR 48,560 million compared to SAR 38,080 million for the same period last year with an increase of 28%.
     
  9. The increase in net income for the second 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 six 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 second quarter of 2013 compared to the previous quarter was due to the increase in operating income.