Samba posts SR1.28bn net profit for 3rd Q 2014

21/10/2014 16:13 AST

Samba Financial Group, Saudi Arabia's second-largest listed bank, posted a net profit of SR 1.28 billion in the third quarter 2014 compared to a net profit of SR 1.17 billion in the same period last year, reflecting an increase of 9.39 per cent, attributing the gain in total operating income.

SAMBA has reported a net profit of SR3.78 billion for the nine months ended Sept. 30, an increase of SR 275 million or 7.8 percent compared to SR3.5 billion for the same period in 2013.

Operating income of SR5.57 billion for the nine months ended Sept. 30 2014, an increase of SR169 million, or 3.13 percent, compared with SR5.4 billion for the same period in 2013.

Customer deposits of SR163.5 billion at Sept. 30 2014, an increase of SR8.3 billion, or 5.38 percent compared with SR155.2 billion at Sept. 30, 2013.

Loans and advances to customers of SR120.17 billion at Sept. 30 2014, an increase of SR8.9 billion, or 8 percent from SR111.25 billion at Sept. 30 2013.

SAMBA’s investment portfolio totaled SR64.2 billion at Sept. 30, an increase of SR4.7 billion, or 7.97 percent from SR59.5 billion at 30 Sept. 30 ,2013.

Total assets of SAMBA were SR216.37 billion at Sept. 30 2014, compared with SR203 billion at Sept. 30 2013, an increase of 6.5 percent.

Earnings per share is SR3.14 against SR2.92 for the corresponding nine month of the previous year.


GulfBase.com

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