GulfBase Live Support
11/07/2012 07:35 AST
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.
Speaking about the financial results for the period ended June 30, 2012, Abdulmohsen Al-Fares, CEO of Alinma Bank, said that the results of the second quarter of this year showed good growth in the main activities of the bank. The bank's assets increased by 37 percent reaching SR 44.19 billion, compared to SR 32.35 billion for the same period of the previous year and SR 39.87 billion for the first quarter of this year.
Operations net total income for the second quarter of 2012 amounted to SR 484 million, compared to SR 307 million for the same quarter of 2011 with an increase of 58 percent and SR 393 million for the first quarter of 2012.
Likewise, the net profit from main activities during the second quarter of 2012 reached SR 346 million, compared to SR 278 million for the same quarter of previous year with an increase of 24 percent and SR 330 million for the first quarter of 2012. Al-Fares added that financing portfolio on June 30, 2012 amounted to SR 30.03 billion, compared to SR 22.50 billion for the same period of the previous year with an increase of 33 percent and SR 27.61 billion for the first quarter of this year.
Al-Fares also added that customer deposits reached SR 25.96 billion, compared to SR 13.23 billion for the same period of the previous year with an increase of SR 96 percent and SR 21.33 billion for the first quarter of 2012.
Al-Fares concluded that the bank is growing rapidly and offers many products and services for both retail and corporate sectors and that the branch network witnesses significant spread where the bank is offering its services through more than 77 branches for men and women in different regions of the Kingdom.
Arab News
04/01/2018
AS part of its ongoing expansion, and in an effort to ensure that it can adequately delivery its exemplary, Shariah-compliant products and services to individuals across the Kingdom, Alinma Bank rece
Saudi Gazette
22/11/2017
ALINMA Bank, in cooperation with Alinma Investment Company, recently sponsored and organized a seminar for the discussion of Shariah issues related to the practice of short-selling securities. The ev
Saudi Gazette
17/10/2017
Alinma Bank has announced the achievement of a net profit of SR542 million during the third quarter of 2017. This represents an improvement over the SR312 million net profit earned for the same perio
Saudi Gazette
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
Ticker | Price | Change |
---|---|---|
FAB | 11.95 | 0.20 (1.70 |
NCB | 64.98 | 0.35 (0.54 |
RJHI | 76.03 | 0.78 (1.03 |
EMIRATESNBD | 10.65 | 0.05 (0.47 |
SAMBA | 26.98 | 0.59 (2.23 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News