Bank Albilad — Earnings Release 2011

Jul 9, 2011

Bank Albilad announces its consolidated financial results for the six months period ended June 30, 2011:

1140 · 09/07/2011 16:09:32 · Announcement #22161 · View on Saudi Exchange

Bank Albilad announces its consolidated financial results for the six months period ended June 30, 2011:

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

1.The net income for Q2 2011 is SAR 81.7 Million compared to net income of SAR 32.8 Million for the same period in 2010, with an increase of 149%, and compared to net income for Q1 2011 of SAR 55.5 Million with an increase of 47.2%.

2.The total income from operations for Q2 2011 is SAR 338 Million compared to SAR 272.5 Million for the same period in 2010 with an increase of 24%.

3.The net income from investing and financing assets for Q2 2011 is SAR 178.5 Million compared to 152.2 Million for the same period in 2010 with an increase of 17.3%.

4.The net income for the six months period ended June 30 , 2011 is SAR 137.1 Million compared to net income SAR 85.4 Million for the same period in 2010, with an increase of 60.5%.

5.The earnings per share is SAR 0.46 for the six months period ended June 30, 2011 compared to SAR 0.28 for the same period last year.

6.The total income from operations for the six months period ended June 30, 2011 is SAR 646.4 Million compared to SAR 548.2 Million for the same period in 2010 with an increase of 17.9%.

7.The net income from investing and financing assets for the six months period ended June 30, 2011 is SAR 343.4 Million compared to SAR 300.6 Million for the same period in 2010 with an increase of 14.2%.

8.The total assets are SAR 22,460 Million as of June 30,2011 compared to SAR 18,916 Million as of June 30 ,2010 with an increase of 18.7%, total investment portfolio is SAR 1,903 million as of June 30 ,2011 compared to SAR 1,483 Million as of June 30,2011 with an increase of 28.3% , the total financing portfolio is SAR13,013Million as of June 30 ,2011 compared to SAR 11,812 as of June 30 ,2010 with an increase of 10.2% , the total customer deposits are SAR 17,303 Million as of June 30 ,2011 compared to SAR 15,002 Million as of June 30,2010 with an increase of 15.3%.

9.The main reason for the growth in net profit for the first half 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.