The Saudi Investment Bank Announces the Annual Financial Results for the year ended 31/12/2012 (12 months)

13/01/2013

The Saudi Investment Bank announces the annual financial results for the year ended 31/12/2012 as follows:

  1. The fourth quarter net income was SAR 245.6 million compared to SAR 147.4
    2. million for the same quarter last year with an increase of 67%, and compared to a net income of SAR 231.8 million for the previous quarter with an increase of 6%.
  2. Operating income for the fourth quarter reached SAR 436.4 million compared to SAR 381.8 million for the same quarter last year, an increase of 14%.
  3. Net special commission income for the fourth quarter reached SAR 324.2 million compared to SAR 287.1 million for the same quarter last year, an increase of 13%.
  4. Net income for the year reached SAR 912.0 million compared to SAR 707.6 million for last year, an increase of 29%.
  5. Earnings per share for the year reached SAR 1.66 compared to SAR 1.29 for the same period last year.
  6. Operating income for the year reached SAR 1,722 million compared to SAR 1,616 million for last year, an increase of 7%.
  7. Net special commission income for the year reached SAR 1,242 million compared to SAR 1,227 million for last year, an increase of 1%.
  8. Assets reached SAR 59,067 million compared to SAR 51,946 million for the same period last year with an increase of 14%. Investments reached SAR 10,912 million compared to SAR 8,893 million for the same period last year with an increase of 23%. Loans and advances reached SAR 34,051 million compared to SAR 27,114 million for the same period last year with an increase of 26%. Customer deposits reached SAR 40,414 million compared to SAR 36,771 million for the same period last year with an increase of 10%.
  9. The increase in net income during the current quarter compared to the same quarter of last year was due to the increase in operating income in addition to the decrease in operating expenses.
  10. The increase in net income during the current period compared to the same period of last year was due to the increase in operating income and the share in earning of associates in addition to the decrease in operating expenses.
  11. The increase in net income during the current quarter compared to the previous quarter this year was due to the increase in operating income