Oct 12 2011 |
more articles from
|
Al Rajhi Bank Announces The Interim Consolidated Financial Results Ending on 30/09/2011. (nine months)
12October 2011Al Rajhi Bank announces the interim consolidated financial results ending on 30/09/2011 as follows:
1) Net profit during the third quarter reached SR1,936 million compared with SR1,640 million for the corresponding quarter of previous year, representing an increase of 18.04%, and against the net profit for the previous quarter SR1,843 million, representing an increase of 5.04%.
2) Total operating income for the third quarter reached SR 3,192 million, compared with SR 2,966 million for the corresponding quarter of previous year, representing an increase of 7.62%.
3) Net profit from funding and investments during the third quarter reached SR 2,312 million, compared with SR2,372 million for the same quarter of last year, representing a decrease of 2.53%.
4) Net profit for the nine months reached SR 5,479 million, compared with SR 5,103 million for the same period last year, representing an increase of 7.37%.
5) Earnings per share for the nine months recorded SR 3.65 versus SR 3.40 for the same period last year.
6) Total operating income for the nine months reached SR 9,179 million, compared with SR 8,797 million for the same period last year, representing an increase of 4.34%.
7) The net profit of financing and investments during the nine months reached SR 6,825 million, compared with SR 6,892 million for the same period last year, representing decrease of 0.97%.
8) Total assets as of 30/09/2011 reached SR 212.8 billion compared to SR 181.5 billion for the same period of the previous year, representing an increase of 17.24%, and the amount of investments as of 30/09/2011 totaledSR 43.8 billion against SR 30.8 billion for the same period of the previous year, representing an increase of 42.20%. The total amount of funding as of 30/09/2011 reached SR 134.6 billion compared to SR 119.9 billion for the same period of the previous year, representing an increase of 12.26%.Customer deposits as of 30/09/2011 reached SR 166.8 billion compared to SR 141.6 billion for the same period of the previous year, representing an increase of 17.79%.
9)The reason for the rise in profits is due to higher income from banking fees and investment income.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment