Bank Albilad — Earnings Release 2012

Jul 9, 2012

Bank Albilad announces its consolidated financial results for the six months period ended June 30, 2012:

1140 · 09/07/2012 16:08:06 · Announcement #26359 · View on Saudi Exchange

Bank Albilad announces its consolidated financial results for the six months period ended June 30, 2012:

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

1.The net income for Q2 2012 is SAR 153.5 Million compared to net income of SAR 81.7 Million for the same period in 2011, with an increase of 87.9 %, and compared to net income for Q1 2012 of SAR 511.5 Million with an decrease of 70 %.

2.The total income from operations for Q2 2012 is SAR 444.5 Million compared to SAR 338 Million for the same period in 2011 with an increase of 31.5%.

3.The net income from investing and financing assets for Q2 2012 is SAR 205.6 Million compared to 178.5 Million for the same period in 2011 with an increase of 15.2 %.

4.The net income for the six months period ended June 30 , 2012 is SAR 665 Million compared to net income SAR 137.1 Million for the same period in 2011, with an increase of 385%.

5.The earnings per share is SAR 2.22 for the six months period ended June 30, 2012 compared to SAR 0.46 for the same period last year.

6.The total income from operations for the six months period ended June 30, 2012 is SAR 864.3 Million compared to SAR 646.4 Million for the same period in 2011 with an increase of 33.7%.

7.The net income from investing and financing assets for the six months period ended June 30, 2012 is SAR 399.5 Million compared to SAR 343.4 Million for the same period in 2011 with an increase of 16.3 %.

8.The total assets are SAR 29,058 Million as of June 30,2012 compared to SAR 22,460 Million as of June 30 ,2011 with an increase of 29.4 %, total investment portfolio is SAR 348 million as of June 30 ,2012 compared to SAR 1,903 Million as of June 30,2011 with a decrease of 81.7 % , the net financing portfolio is SAR 16,208 Million as of June 30 ,2012 compared to SAR 13,013 as of June 30 ,2011 with an increase of 24.6 % , the total customer deposits are SAR 23,611 Million as of June 30 ,2012 compared to SAR 17,303 Million as of June 30,2011 with an increase of 36.5 %.

9.The main reason for the growth in net profit for the first half 2012 compared to same period last year is the increase in the income from investing and financing assets, fees and commission income and the other reason for the decrease in net profit for Q2 2012 compared to Q1 2012 is the bank gained SAR 373 Million as an non-operating income ( Extra-ordinary ) from selling its land in Q1 2012. The decrease in the net investment portfolio is due to bank concentration to increase the financing portfolio.

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.