Bank Albilad — Earnings Release 2011

Oct 15, 2011

Bank Albilad announces its consolidated financial results for the nine months period ended September 30, 2011

1140 · 15/10/2011 15:27:29 · Announcement #22852 · View on Saudi Exchange

Bank Albilad announces its consolidated financial results for the nine months period ended September 30, 2011

Bank Albilad announces its consolidated financial results for the period ended September 30, 2011 as follows:

1.The net income for Q3 2011 is SAR 85.5 Million compared to net income of SAR 2.4 Million for the same period in 2010, with an increase of 3463%, and compared to net income for Q2 2011 of SAR 81.7 Million with an increase of 4.7%.

2.The total income from operations for Q3 2011 is SAR 334.6 Million compared to SAR 272.7 Million for the same period in 2010 with an increase of 22.7%.

3.The net income from investing and financing assets for Q3 2011 is SAR 176.7 Million compared to 162.9 Million for the same period in 2010 with an increase of 8.5%.

4.The net income for the nine months period ended September 30 , 2011 is SAR 222.6 Million compared to net income SAR 87.8 Million for the same period in 2010, with an increase of 153.5%.

5.The earnings per share is SAR 0.74 for the nine months period ended September 30, 2011 compared to SAR 0.29 for the same period last year.

6.The total income from operations for the nine months period ended September 30, 2011 is SAR 981 Million compared to SAR 820.9 Million for the same period in 2010 with an increase of 19.5%.

7.The net income from investing and financing assets for the nine months period ended September 30, 2011 is SAR 520.1 Million compared to SAR 463.5 Million for the same period in 2010 with an increase of 12.2%.

8.The total assets are SAR 22,782 Million as of September 30,2011 compared to SAR 19,175 Million as of September 30 ,2010 with an increase of 18.8%, total investment portfolio is SAR 1,383 million as of September 30 ,2011 compared to SAR 1,286 Million as of September 30,2010 with an increase of 7.5% , the total financing portfolio is SAR 13,017 Million as of September 30 ,2011 compared to SAR 11,656 Million as of September 30 ,2010 with an increase of 11.7% , the total customer deposits are SAR 17,959 Million as of September 30 ,2011 compared to SAR 14,810 Million as of September 30,2010 with an increase of 21.3%.

9.The main reason for the growth in net profit for the nine months ending September 2011 compared to same period last year is the increase in the net income from investing and financing assets and fees and commission income. The bank reclassified some of the financial position items.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.