Fitch Ratings has assigned Alinma Bank (Alinma) a Long-term Issuer Default Rating (IDR) of 'A-' with a Stable Outlook, a Short-term IDR of 'F2', a Viability Rating (VR) of 'bbb-', a Support Rating of '1' and a Support Rating Floor of 'A-'. RATING DRIVERS
Alinma Tokio Marine (ATM) announces receipt by fax on Tuesday 20/01/1434H corresponding to 04/12/2012G the Saudi Arabian Monetary Agency (SAMA) letter No. (341000007738) dated (18/01/1434H correspondence to 02/12/2012G containing the final approval of
Alinma Bank has announced the achievement of a net profit of SR 179 million during the second quarter of the current year (2012) compared to a net profit of SR 102 million during similar quarter in 2011 and SR 150 million in the first quarter of 2012.
The bank said the increase in net income was mainly due to significant growth in core banking activities and noted that certain prior period figures have been reclassified to conform with the current year presentation. Total operating income for the
Alinma Bank has relaunched its website (http://www.alinma.com www.alinma.com) with a range of enhancements that leverage the latest Internet banking technologies in order to provide bank partners (clients) with a streamlined user experience. This means