08 April 2013
Riyad Bank announced its Q1, 2013 net profit of SR 951 million against SR 901 million for the same quarter of the previous year, an increase of 5.5 percent, and against SR 810 million for the previous quarter, an increase of 17.4 percent, in its interim consolidated financial results for the first quarter of 2013.
Its total operating income for the first quarter reached SR 1.72 billion against SR 1.64 billion for the same quarter of the previous year, an increase of 4.9 percent.
Net special commissions for Q1, reached SR 1.09 billion against SR 1.07 billion for the same quarter of previous year, an increase of 2.1 percent.
Earnings per share for the three months recorded SR 0.63 against SR 0.60 for the same period of the previous year.
As of March 31, 2013, total assets reached SR 186.45 billion against SR 183.39 billion for the same period of the previous year, an increase of 1.7 percent. Loans and advances net reached SR 120.92 billion against SR 113.69 billion for the same period of the previous year, an increase of 6.4 percent. Investments reached SR 31.99 billion against SR 42.69 billion for the same period of the previous year, a decrease of 25.1 percent.
Customer deposits reached SR 143.96 billion against SR 139.54 billion for the same period of previous year, an increase of 3.2 percent.
The increase in net income for Q1 compared to same quarter of the previous year is mainly attributed to higher operating income.
The increase in net income for Q1, 2013 compared to Q4 of last year 2012 is mainly attributed to higher operating income and lower operating costs.
Bank's share in earnings of associates in net is shown separately in 2012 while it was part of 2012 total operating income. Total operating income of 2012 has been adjusted accordingly.
Riyad Bank announced its Q1, 2013 net profit of SR 951 million against SR 901 million for the same quarter of the previous year, an increase of 5.5 percent, and against SR 810 million for the previous quarter, an increase of 17.4 percent, in its interim consolidated financial results for the first quarter of 2013.
Its total operating income for the first quarter reached SR 1.72 billion against SR 1.64 billion for the same quarter of the previous year, an increase of 4.9 percent.
Net special commissions for Q1, reached SR 1.09 billion against SR 1.07 billion for the same quarter of previous year, an increase of 2.1 percent.
Earnings per share for the three months recorded SR 0.63 against SR 0.60 for the same period of the previous year.
As of March 31, 2013, total assets reached SR 186.45 billion against SR 183.39 billion for the same period of the previous year, an increase of 1.7 percent. Loans and advances net reached SR 120.92 billion against SR 113.69 billion for the same period of the previous year, an increase of 6.4 percent. Investments reached SR 31.99 billion against SR 42.69 billion for the same period of the previous year, a decrease of 25.1 percent.
Customer deposits reached SR 143.96 billion against SR 139.54 billion for the same period of previous year, an increase of 3.2 percent.
The increase in net income for Q1 compared to same quarter of the previous year is mainly attributed to higher operating income.
The increase in net income for Q1, 2013 compared to Q4 of last year 2012 is mainly attributed to higher operating income and lower operating costs.
Bank's share in earnings of associates in net is shown separately in 2012 while it was part of 2012 total operating income. Total operating income of 2012 has been adjusted accordingly.
© Arab News 2013
