Alinma Bank announced the interim consolidated financial results

10/04/2013 09:28 AST

ALINMA BANK ANNOUNCED THE INTERIM CONSOLIDATED FINANCIAL RESULTS FOR PERIOD ENDED MARCH 31, 2013 (THREE MONTHS) AS FOLLOWS

1.Net income for the first quarter amounted to SAR 221 million, compared to net income of SAR 150 million for the same quarter of previous year with an increase of 47%, and compared to a net income of SAR 208 million for the last quarter with an increase of 6%.

2.Total operating income for the first quarter amounted to SAR 522 million compared to SAR 393 million for the same quarter of last year with an increase of 33%.

3.Income from investing and financing activities for the first quarter amounted to SAR 443 million compared to SAR 330 million for the same quarter of previous year with an increase of 34%.

4.Earning per share for the three months amounted to SAR 0.15 compared to SAR 0.10 for the same period of previous year.

5.Total assets as at March 31, 2013 amounted to SAR 56,237 million compared to SAR 39,872 million as at March 31, 2012 with an increase of 41%, investments as at March 31, 2013 amounted to SAR 5,055 million compared to SAR 2,323 million as at March 31, 2012 with a increase of 118%, financing portfolio as at March 31, 2013 amounted to SAR 39,416 million compared to SAR 27,608 million as at March 31, 2012 with an increase of 43%, and the customers deposit as at March 31, 2013 amounted to SAR 34,358 million compared to SAR 21,329 million as at March 31, 2012 with an increase of 61%.

6.Increase in net income for the quarter compared to the same quarter of last year was mainly due to increase in the operating income.

7.Increase in net income for the quarter compared to the previous quarter was mainly due to increase in the operating income.

Tadawul