Riyadh – Mubasher: Alinma Bank realised SAR 572 million worth of net profits in the second quarter (Q2) ended 30 June 2020, down by 15.38% when compared to SAR 676 million in the year-ago period, as shown by the bank’s financial results.
The lender’s net income from special commissions, financing and investments totalled SAR 1.122 billion in Q2 of the year, a rise of 5.3% from SAR 1.066 billion in Q2-19, according to a bourse filing on Wednesday.
Whereas the bank’s income from financing and investments rose by 5% in Q2-20, the net profits fell as the total operating income went down by 1.3%.
On the other hand, the total operating expenses increased, driven by higher impairment charges, salaries, and administrative and general expenses.
Source: Mubasher
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