Jan 17 2012 |
more articles from
|
Banque Saudi Fransi net income rises 3.9% to SR2.9 billion
RIYADH: Banque Saudi Fransi (BSF) Chairman Saleh Al-Omair said the bank's annual net income rose by 3.9 percent to SR2.91 billion last year from SR2.80 billion in 2010.Earnings per share during the 12 months amounted to SR4.03 against SR3.87 for the corresponding period of the previous year.
Total operating income during the 12 months amounted to SR4.56 billion compared to SR4.40 billion for the same period last year. This is an increase of 4.3 percent, according to a statement received here.
Assets as of year ended Dec. 31, 2011 amounted to SR140.4 billion against SR123.2 billion for the previous year with an increase of 14 percent.
Loan and Advances Portfolio as of year ended Dec. 31, 2011 amounted to SR92.3 billion against SR81 billion for the previous year with an increase of 14 percent.
Customers' deposits as of year ended Dec. 31, 2011 amounted to SR110 billion against SR93.5 billion for the previous year with an increase of 17.6 percent.
Net income for Q4, 2011 amounted to SR661 million, compared to SR709 million for the same quarter last year with a decrease of 6.8 percent and compared to Q3, 2011 net income of SR760 million with a decrease of 13 percent.
Total operating income for Q4 2011 amounted to SR1.11 billion compared to SR1.08 billion for the same quarter last year with an increase of 2.2 percent.
Net special commission income for Q4, 2011 amounted to SR783 million compared to SR789 million for the same quarter last year with a decrease of 0.8 percent.
Net income for the fourth quarter 2011 recorded a decrease compared to the fourth quarter of the previous year and against the third quarter 2011 due to higher operating expenses whereas net income for the twelve months ended on Dec. 31, 2011 rose compared to the corresponding period of 2010 due to the increase in operating income.
The bank chairman appreciated the growth witnessed by the bank despite the persisting challenges for the global financial community.
He expressed his sincere thanks to all stakeholders and customers for their continued confidence and support for the bank and congratulated BSF staff for their commendable performance.
© Arab News 2012
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