Riyad Bank — Interim / Quarterly Report 2011

Jul 11, 2011

Riyad Bank announced its interim consolidated financial results for the period ending 30/06/2011 - six months

1010 · 11/07/2011 15:43:27 · Announcement #22185 · View on Saudi Exchange

Riyad Bank announced its interim consolidated financial results for the period ending 30/06/2011 - six months

Riyad Bank announced its interim consolidated financial results for the period ending 30/06/2011 as follows:

1.Net profits for the second quarter of 2011 reached SAR 836 million against SAR 766 million for the same quarter of the previous year, an increase of 9.1%, and against SAR 741 million for the previous quarter, an increase of 12.8%.

2.Total operating income for the Second Quarter of 2011 reached SAR 1,570 million against SAR 1,527 million for the same quarter of the previous year, an increase of 2.8%.

3.Net special commissions for the Second Quarter of 2011 reached SAR 1,067 million against SAR 1,028 million for the same quarter of previous year, an increase of 3.8%.

4.Net profits for the six months reached SAR 1,577 million against 1,450 million for the same period of the previous year, an increase of 8.8%.

5.Earnings per share for the six months recorded SAR 1.05 against SAR 0.97 for the same period of the previous year.

6.Total operating income for the six months reached SAR 3,097 million against SAR 2,997 million for the same period of the previous year, an increase of 3.3%.

7.Net special commissions for the six months reached SAR 2,051 million against SAR 2,040 million for the same period of previous year, an increase of 0.5%

8.As of 30/06/2011, total Assets reached SAR 177,534 million against SAR 169,337 million for the same period of the previous year, an increase of 4.8%. Investments reached SAR 39,546 million against SAR 32,649 million for the same period of the previous year, an increase of 21.1%. Loans and Advances reached SAR 110,576 million against SAR 104,744 million for the same period of the previous year, an increase of 5.6%. Customer Deposits reached SAR 132,404 million against SAR 124,101 million for the same period of previous year, an increase of 6.7%.

9.The increase in the Bank's profitability in comparison to the same period of 2010, is mainly attributed to the increase of the net special commissions income and banking services fees income, as well as the decrease of the banks operating expenses.

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