Bank Albilad — Earnings Release 2012

Oct 14, 2012

Bank Albilad announces its consolidated financial results for the nine months period ended September 30, 2012

1140 · 14/10/2012 16:00:49 · Announcement #27275 · View on Saudi Exchange

Bank Albilad announces its consolidated financial results for the nine months period ended September 30, 2012

Bank Albilad announces its consolidated financial results for the period ended September 30, 2012 as follows:

1.The net income for Q3 2012 is SAR 120.1 Million compared to net income of SAR 85.5 Million for the same period in 2011, with an increase of 40.5 %, and compared to net income for Q2 2012 of SAR 153.5 Million with a decrease of 21.8 %.

2.The total income from operations for Q3 2012 is SAR 434.3 Million compared to SAR 334.6 Million for the same period in 2011 with an increase of 29.8%.

3.The net income from investing and financing assets for Q3 2012 is SAR 214.6 Million compared to SAR 176.7 Million for the same period in 2011 with an increase of 21.4 %.

4.The net income for the nine months period ended September 30 , 2012 is SAR 785.1 Million compared to net income of SAR 222.6 Million for the same period in 2011, with an increase of 252.7%.

5.The earnings per share is SAR 2.62 for the nine months period ended September 30, 2012 compared to SAR 0.74 for the same period last year.

6.The total income from operations for the nine months period ended September 30, 2012 is SAR 1,299 Million compared to SAR 981 Million for the same period in 2011 with an increase of 32.4%.

7.The net income from investing and financing assets for the nine months period ended September 30, 2012 is SAR 614.1 Million compared to SAR 520.1 Million for the same period in 2011 with an increase of 18 %.

8.The total assets are SAR 29,528 Million as of September 30,2012 compared to SAR 22,782 Million as of September 30 ,2011 with an increase of 29.6 %, total investment portfolio is SAR 1,370 million as of September 30 ,2012 compared to SAR 1,383 Million as of September 30,2011 with a decrease of 1% , the net financing portfolio is SAR 17,208 Million as of September 30 ,2012 compared to SAR 13,017 as of September 30 ,2011 with an increase of 32.2 % , the total customer deposits are SAR 23,546 Million as of September 30 ,2012 compared to SAR 17,959 Million as of September 30,2011 with an increase of 31.1 %.

9.The main reason for growth in net profit for nine months ended September 30,2012 compared to same period last year is the increase in the income from investing and financing assets and the bank gained SAR 373 Million as an non-operating income (Extra-ordinary) from selling its land in Q1 2012. The main reason for the decrease in net profit for third quarter compared to previous quarter is due to the increase in the operating expenses.

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