Arab Today, arab today sabb profit up 104 to sr 177 bn
Last Updated : GMT 17:40:59
Arab Today, arab today
Arab Today, arab today

SABB profit up 10.4% to SR 1.77 bn

Arab Today, arab today

Arab Today, arab today SABB profit up 10.4% to SR 1.77 bn

Riyadh - Arabstoday

The Saudi British Bank (SABB) recorded a net profit of SR 1.77 billion for the six months ended June 30, 2012. This is an increase of SR 166 million or 10.4 percent compared to SR 1.60 billion for the same period in 2011. SABB recorded a net profit of SR 915 million for the three months ended June 30, 2012, an increase of SR 61 million or 7.1 percent as compared to the three months ended March 31, which amounted to SR 854 million. Operating income was SR 2.61 billion for the six months ended June 30, 2012, an increase of SR 45 million, or 1.8 percent, compared with SR 2.57 billion for the same period in 2011. Customer deposits were SR 117.6 billion at June 30, 2012, an increase of SR 18.4 billion, or 18.6 percent, compared with SR 99.2 billion at June 30, 2011. Loans and advances to customers were SR 94.7 billion at June 30, 2012, an increase of SR 14.9 billion, or 18.7 percent, from SR 79.8 billion at June 30, 2011. The bank\'s investment portfolio totaled SR 27.8 billion at June 30, 2012, an increase of 6.8 percent, compared with SR 26.1 billion at June 30, 2011. Assets totaled SR 151.9 billion at June 30, 2012, compared with SR 129.5 billion at June 30, 2011, an increase of 17.3 percent or SR 22.4 billion. Earnings per share is SR 1.77 for the six months ended June 30, 2012, against SR 1.60 (adjusted to bonus share issue 1 for 3 shares as a result of the bank\'s capital increase from SR 7.5 billion to SR 10 billion) for the corresponding period of the previous year. Khaled Olayan, chairman of SABB, said: \"SABB has recorded another strong financial performance for the six months ended June 30, 2012, supported by its diversified income streams and effective cost controls. SABB has continued to focus on booking quality assets and maintaining balance sheet growth while preserving strong asset quality, capital and liquidity positions.\" \"We thank our customers for their continued support and our staff for their commitment and contribution to the bank\'s success,\" he added. From arabnews

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sabb profit up 104 to sr 177 bn Arab Today, arab today sabb profit up 104 to sr 177 bn

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday