Riyad Bank announced its interim consolidated financial results for the period ending 30/09/2011 as follows:
1.Net profits for the third quarter of 2011 reached SAR 794 million against SAR 611 million for the same quarter of the previous year, an increase of 30%, and against SAR 836 million for the previous quarter, a decrease of 5%.
2.Total operating income for the third quarter of 2011 reached SAR 1,573 million against SAR 1,498 million for the same quarter of the previous year, an increase of 5%.
3.Net special commissions for the third quarter of 2011 reached SAR 1,064 million against SAR 1,060 million for the same quarter of previous year, an increase of 0.4%.
4.Net profits for the nine months reached SAR 2,372 million against SAR 2,061 million for the same period of the previous year, an increase of 15.1%.
5.Earnings per share for the nine months recorded SAR 1.58 against SAR 1.37 for the same period of the previous year.
6.Total operating income for the nine months reached SAR 4,669 million against SAR 4,495 million for the same period of the previous year, an increase of 3.9%.
7.Net special commissions for the nine months reached SAR 3,114 million against SAR 3,100 million for the same period of previous year, an increase of 0.45%
8.As of 30/09/2011, total Assets reached SAR 180,371 million against SAR 171,717 million for the same period of the previous year, an increase of 5%. Investments reached SAR 35,316 million against SAR 31,667 million for the same period of the previous year, an increase of 11.5%. Loans and Advances, net reached SAR 112,139 million against SAR 105,042 million for the same period of the previous year, an increase of 6.8%. Customer Deposits reached SAR 132,335 million against SAR 124,236 million for the same period of previous year, an increase of 6.5%.
9.The increase in the Bank's profitability in comparison to the same period of 2010, is mainly attributed to the increase in banking services fees income and exchange income as well as the decrease in the operating expenses.
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