Bank Albilad — Earnings Release 2011

Jan 8, 2012

Bank Albilad announces its consolidated financial results for the year ended December 31, 2011 (for the twelve months)

1140 · 08/01/2012 09:59:01 · Announcement #23549 · View on Saudi Exchange

Bank Albilad announces its consolidated financial results for the year ended December 31, 2011 (for the twelve months)

Bank Albilad announces its consolidated financial results for the year ended December 31, 2011 as following:

1.The net income for Q4 is SAR 107 Million compared to net income SAR 4.5 Million for the same period 2010 with an increase of 2278%, and SAR 85.5 Million net income for Q3 2011 with an increase of 25%.

2.The total income from operations for Q4 is SAR 393 Million compared to SAR 278 Million with an increase of 41%.

3.The net income from investing and financing assets for Q4 is SAR 183 Million compared to 161 Million with an increase of 14%

4.Net income (for the twelve months) is SAR 330 Million compared to net income of SAR 92 Million for the last year with an increase of 259%.

5.The earnings per share is SAR 1.10 (for the twelve months) compared to SAR 0.31 for the last year.

6.The total operating income (for the twelve months) is SAR 1,374 million compared to SAR 1,099 Million for 2010 with an increase of 25%.

7.The net income from investing and financing assets (for the twelve months) is SAR 703 Million compared to SAR 625 Million for 2010 with an increase of 12%.

8.The total assets of SAR 27,727 Million as of December 31,2011 compared to SAR 21,117 Million as of December 31,2010 with an increase of 31%, total investment portfolio of SAR 951 million compared to SAR 1,611 Million in 2010 with a decrease of 41% , the total financing portfolio of SAR 13,780 Million compared to SAR 12,290 in 2010 with an increase of 12% and the total customer deposit of SAR 23,038 Million compared to SAR 16,932 Million in 2010 with an increase of 36%.

9. The main reasons for growth in net profit for the twelve months compared to the same period last year are the increase in the net income from investing and financing assets and the increase in the other activities income.

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.