Jul 12 2011 |
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Banque Saudi Fransi announces its interim results for the period ended June 30, 2011.( 6 months)
1.Net income during Q2 amounted to SR 773 Million, an increase of 2.1% against net income of SR 757 Million for the corresponding quarter of the previous year, and an increase of 7.8% against Net income of SR 717 Million during Q1 2011.2.Total Operating Income during Q2 amounted to SR 1,163 Million against SR 1,155 Million for the corresponding quarter of the previous year, representing an increase of 0.7%.
3.Net Special commission income during Q2 amounted to SR 789 Million against SR 776 Million for the corresponding quarter of the previous year, representing an increase of 1.7%.
4.Net income during 6 months amounted to SR 1,490 Million against SR 1,471 Million for the corresponding period of the previous year, representing an increase of 1.3%.
5.The earnings per share reached SR 2.06 for the six months compared with SR 2.03 for the same period during the last year.
6. Total Operating Income during 6 months amounted to SR 2,313 Million against SR 2,227 Million for the corresponding quarter of the previous year, recording growth of 3.9%.
7.Net special commission Income during 6 months amounted to SR 1,546 Million against SR 1,499 Million for the corresponding previous year, showing an increase of 3.1%.
8.Assets as at June 30, 2011 amounted to SR 134 Billion against SR 121 Billion at the same point of the previous year, an increase of 10.7%. Investments as at June 30, 2011 amounted to SR 23 Billion against SR 17 Billion at the corresponding point of the previous year, representing growth of 35.3%. Loan and Advances Portfolio as at June 30, 2011 amounted to SR 85 Billion against SR 82 Billion as at 30 June 2010, recording an increase of 3.7%. Customers Deposits as of June 30, 2011 amounted to SR 100 Billion against SR 92 Billion at the same point last year, representing an increase of 8.7%.
9.The increase in results for the first half of 2011 compared to the first half of 2010 is attributed to the increase in all key activities of the bank which led to the increase in total operating income.
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