Arab Today, arab today sabb’s first quarter profit rises to sr1142bn
Last Updated : GMT 13:26:54
Arab Today, arab today
Arab Today, arab today

SABB’s first quarter profit rises to SR1.142bn

Arab Today, arab today

Arab Today, arab today SABB’s first quarter profit rises to SR1.142bn

SABB Chairman Khaled Olayan
Jeddah - Arab Today

The Saudi British Bank’s (SABB) solid financial results reflect its consistent focus on revenue growth and risk management in line with SABB’s strategic objectives, said its Chairman Khaled Olayan.
His remarks came as SABB recorded a net profit of SR1.142 billion for the quarter ended March 31 2016.
This is an increase of SR27 million or 2.4 percent compared to SR1.115 billion for the same period in 2015, and an increase of SR203 million or 21.6 percent compared to SR939 million for three months ended Dec. 31 2015.
The bank reported an operating income of SR1.796 billion for the quarter ended March 31 2016. This is an increase of SR79 million, or 4.6 percent, compared with SR1.717 billion for the same period in 2015.
Loans and advances to customers reached SR130 billion as of March 31 2016. This is an increase of SR9.6 billion, or 8.0 percent, from SR120.4 billion at March 31 2015.
Customer deposits of SR151.5 billion at March 31 2016 – an increase of SR2.5 billion, or 1.7 percent, compared with SR149.0 billion at March 31 2015.
The bank’s investment portfolio of SR28.6 billion at March 312016 – a decrease of SR18.7 billion, or 39.5 percent, from SR47.3 billion at March 31 2015.
Total assets increased by SR1.6 billion to SR191.8 billion at March 31 2016 – an increase of 0.8 percent from SR190.2 billion at March 31 2015.
Earnings per share is SR0.76 against SR0.74 for the corresponding quarter of the previous year.
Commenting on the results, Khaled Olayan added: “SABB’s customer satisfaction levels and industry awards reflect our leading international bank position.”
The chairman said: “SABB’s strong capital and liquidity position continue to support our growth strategies and our ability to enhance shareholder value as business opportunities arise.”
He said: “I would like to thank our customers, staff and shareholders for their continued support and commitment. I would also like to express my sincere thanks and appreciation to our regulators and government ministries for their continued guidance and vision.
Source: Arab News

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’s first quarter profit rises to sr1142bn Arab Today, arab today sabb’s first quarter profit rises to sr1142bn

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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