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08/10/2013 09:33 AST
Net profits for the first nine months of the year were SAR 725 million, up 37.83 per cent, Alinma Bank reported in a statement to the Tadawul.
The bank showed a quarter-on-quarter 3.04 per cent drop in total profit for Q3 to 542 million. Alionma reported an 18.64 per cent rise in total assets with investments rising by 135.36 per cent to SAR 5.99 billion. Total assets were SAR 59.145 billion while loans ana advances were SAR 41,915 billion, up 19.76 per cent.
Net profit on special commission income from investments rose 25.55 per cent to SAR 1.36 billion
The bank attributed year on year improvements to growth in core banking activities but also noted that quarter on quarter performance benefited from lower operating expenses.
Earnings per share rose from SAR 0.35 a year ago to SAR 0.49.
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