Alinma Bank announces the interim consolidated financial results for the period ended June 30, 2011 (six months) as follows:
1.Net income for the second quarter amounted to SAR 102 million, compared to net income of SAR 3 million for the same quarter of previous year with an increase of 3,300%, and compared to a net income of SAR 70 million for the previous quarter with an increase of 46%.
2.Total operating income for the second quarter amounted to SAR 307 million compared to SAR 174 million for the same quarter of previous year with an increase of 76%.
3.Net income from investments and financing activities for the second quarter amounted to SAR 283 million compared to SAR 162 million for the same quarter of previous year with an increase of 75%.
4.Net income for the six months amounted to SAR 173 million, compared to a net loss of SAR 72 million for the same period of previous year.
5.Earning per share for the six months period amounted to SAR 0.12 compared to loss per share of SAR (0.05) for the same period of previous year.
6.Total operating income for the six months amounted to SAR 569 million compared to SAR 257 million for the same period of previous year with an increase of 121%.
7.Net income from investments and financing activities for the six months amounted to SAR 523 million compared to SAR 229 million for the same period of previous year with an increase of 128%.
8.Total Assets as at June 30, 2011 amounted to SAR 32,497 million compared to SAR 24,948 million as of June 30, 2010 with an increase of 30%, Investments as of June 30, 2011 amounted to SAR 2,299 million compared to SAR 1,701 million as of June 30, 2010 with a increase of 35%, Due from banks and other financial institutions as of June 30, 2011 amounted to SAR 3,881 million compared to SAR 10,646 million as of June 30, 2010 with a decrease of 64%, Financing portfolio as of June 30, 2011 amounted to SAR 22,503 million compared to SAR 8,426 million as of June 30, 2010 with an increase of 167%, and the Customers deposits as of June 30, 2011 amounted to SAR 13,232 million compared to SAR 6,409 million as of June 30, 2010 with an increase of 106%.
9.Increase in net income in the first half of 2011 compared to first half of 2010 was mainly due to significant growth in the core banking activities.
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