Alinma Bank announced the interim consolidated financial results for the period ended September 30, 2011 as follows:
1.Net income for the third quarter amounted to SAR 122 million, compared to net income of SAR 20 million for the same quarter of previous year with an increase of 510%, and compared to a net income of SAR 102 million for the previous quarter with an increase of 20%.
2.Total operating income for the third quarter amounted to SAR 332 million compared to SAR 194 million for the same quarter of previous year with an increase of 71%.
3.Net income from investing and financing activities for the third quarter amounted to SAR 308 million compared to SAR 188 million for the same quarter of previous year with an increase of 64%.
4.Net income for the nine months amounted to SAR 295 million, compared to net loss of SAR 52 million for the same period of previous year.
5.Earning per share for the nine months period amounted to SAR 0.2 compared to loss per share of SAR 0.03 for the same period of previous year.
6.Total operating income for the nine months amounted to SAR 901 million compared to SAR 448 million for the same period of previous year with an increase of 101%.
7.Net income from investing and financing activities for the nine months amounted to SAR 831 million compared to SAR 416 million for the same period of previous year with an increase of 100%.
8.Total assets as of September 30, 2011 amounted to SAR 33,999 million compared to SAR 23,774 million as of September 30, 2010 with an increase of 43%, investments as of September 30, 2011 amounted to SAR 2,392 million compared to SAR 2,500 million as of September 30, 2010 with a decrease of 4%, financing portfolio as of September 30, 2011 amounted to SAR 24,064 million compared to SAR 13,755 million as of September 30, 2010 with an increase of 75%, and the customers deposits as of September 30, 2011 amounted to SAR 15,851 million compared to SAR 6,787 million as of September 30, 2010 with an increase of 134%.
9.Increase in net income for the quarter and nine months period ended September 30, 2011 compared to same period of last year was mainly due to significant growth in the core banking activities; with due consideration that certain comparative figures have been reclassified to facilitate comparison.
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