Alinma Bank announces the interim consolidated financial results for period ended March 31, 2012 (three months) as follows:
1.Net income for the first quarter amounted to SAR 150 million, compared to net income of SAR 70 million for the same quarter of previous year with an increase of 114% and compared to a net income of SAR 136 million for the fourth quarter of 2011 with an increase of 10%.
2.Total operating income for the first quarter amounted to SAR 393 million compared to SAR 262 million for the same quarter of last year with an increase of 50%.
3.Income from investing and financing activities for the first quarter amounted to SAR 330 million compared to SAR 219 million for the same quarter of previous year with an increase of 51%.
4.Earning per share for the three months amounted to SAR 0.10 compared to SAR 0.05 for the same period of previous year.
5.Total assets as at March 31, 2012 amounted to SAR 39,872 million compared to SAR 29,608 million as at March 31, 2011 with an increase of 35%, investments as at March 31, 2012 amounted to SAR 2,323 million compared to SAR 2,935 million as at March 31, 2011 with a decrease of 21%, financing portfolio as at March 31, 2012 amounted to SAR 27,607 million compared to SAR 20,378 million as of March 31, 2011 with an increase of 35%, and the customers deposit as at March 31, 2012 amounted to SAR 21,329 million compared to SAR 11,314 million as at March 31, 2011 with an increase of 89%.
6.Increase in net income in the first quarter of 2012 compared to first quarter of 2011 was mainly due to significant growth in the core banking activities. Certain prior period figures have been reclassified to conform with the current year presentation.
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