Riyad Bank — Earnings Release 2011

Jan 17, 2012

RIYAD BANK ANNOUNCED ITS ANNUAL CONSOLIDATED FINANCIAL RESULTS FOR THE PERIOD ENDING 31/12/2011

1010 · 17/01/2012 16:54:14 · Announcement #23655 · View on Saudi Exchange

RIYAD BANK ANNOUNCED ITS ANNUAL CONSOLIDATED FINANCIAL RESULTS FOR THE PERIOD ENDING 31/12/2011

Riyad Bank announced its annual consolidated financial results for the period ending 31/12/2011 as follows:

1.Net profits for the fourth quarter of 2011 reached SAR 778 million against SAR 764 million for the same quarter of the previous year, an increase of 1.8%, and against SAR 794 million for the previous quarter, a decrease of 2%.

2.Total operating income for the fourth quarter of 2011 reached SAR 1,652 million against SAR 1,486 million for the same quarter of the previous year, an increase of 11.2%.

3.Net special commissions for the fourth quarter of 2011 reached SAR 1,083 million against SAR 1,042 million for the same quarter of previous year, an increase of 3.9%.

4.Net profits for the twelve months reached SAR 3,149 million against SAR 2,825 million for the same period of the previous year, an increase of 11.5%.

5.Earnings per share for the twelve months recorded SAR 2.10 against SAR 1.88 for the same period of the previous year.

6.Total operating income for the twelve months reached SAR 6,321 million against SAR 5,980 million for the same period of the previous year, an increase of 5.7%.

7.Net special commissions for the twelve months reached SAR 4,197 million against SAR 4,142 million for the same period of previous year, an increase of 1.3%

8.As of 31/12/2011, total Assets reached SAR 180,887 million against SAR 173,556 million for the same period of the previous year, an increase of 4.2%. Loans and Advances, net reached SAR 112,973 million against SAR 106,035 million for the same period of the previous year, an increase of 6.5%. Investments reached SAR 36,616 million against SAR 33,822 million for the same period of the previous year, an increase of 8.3%. Customer Deposits reached SAR 139,823 million against SAR 126,945 million for the same period of previous year, an increase of 10.1%.

9. The increase in income for the fourth quarter and the twelve months ended 31 December 2011 compared to corresponding periods of the previous year is mainly attributed to the increase in banks gross operating income, and the decrease in net income for the fourth quarter compared to third quarter this year is mainly attributed to the decrease in the gross operating expenses.

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