Alinma Bank 2013 Net Profit Increases 37.11 %

12/01/2014 11:16 AST

The net profit of Alinma Bank during the 4th Q 2013 amounted to SAR 280 million versus SAR 208 million for the same quarter of last year with an increase of 34.62 %, compared to SAR 262 million for the previous quarter with an increase of 6.87%.

Operating profit increased 33.88 % to SAR 656 million during 4thQuarter of 2013 versus SAR 490 million for the same quarter of last year.

While, the net profit during 2013 showed an increase of 37.11 percent with SAR 1.005 billion versus SAR 733 million for the last year 2012.

EPS of Alinma Bank during 2013 recorded as SAR 0.68 per share versus 0.49 SAR/Share for the same period last year 2012.

The total operating profit of Alinma Bank during 2013 amounted to SAR 2.279 billion versus SAR 1.826 billion for the last year 2012, an increase of 24.81 %.

Alinma Bank’s loans & Advances portfolio stood at SR 44.924 billion on 31st Dec 2013, up 20.81 percent.

Total assets of Alinma Bank amounted to SAR 63.001 billion as at 31st December, 2013.

The main reasons for yearly increased net profit and in the current quarter Net Profit as compared to the previous one is due to growth in the core banking activities and increase in operating income.


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