Riyad Bank — Interim / Quarterly Report 2012

Jul 8, 2012

Riyad Bank announced its interim consolidated financial results for the period ended 30/06/2012 Six months

1010 · 08/07/2012 15:37:33 · Announcement #26342 · View on Saudi Exchange

Riyad Bank announced its interim consolidated financial results for the period ended 30/06/2012 Six months

1. Net profits for the second quarter of 2012 reached SAR 914.4 million against SAR 836 million for the same quarter of the previous year, an increase of 9.4%, and against SAR 901.4 million for the previous quarter, an increase of 1.4%.

2. Total operating income for the second quarter of 2012 reached SAR 1,826 million against SAR 1,570 million for the same quarter of the previous year, an increase of 16.3 %.

3. Net special commissions for the second quarter of 2012 reached SAR 1,095 million against SAR 1,067 million for the same quarter of previous year, an increase of 2.6 %.

4. Net profits for the six months reached SAR 1,815.8 million against SAR 1,577 million for the same period of the previous year, an increase of 15.1 %.

5. Earnings per share for the six months were recorded as SAR 1.21 against SAR 1.05 for the same period of the previous year.

6. Total operating income for the six months reached SAR 3,498 million against SAR 3,097 million for the same period of the previous year, an increase of 12.9 %.

7. Net special commissions for the six months reached SAR 2,164 million against SAR 2,051 million for the same period of previous year, an increase of 5.5 %

8. As of 30/06/2012, total Assets reached SAR 180,637 million against SAR 177,534 million for the same period of the previous year, an increase of 1.7 %. Investments were SAR 36,619million against SAR 39,546 million for the same period of the previous year, a decrease of 7.4%. Loans and Advances reached SAR 115,091 million against SAR 110,576 million for the same period of the previous year, an increase of 4.1 %. Customer Deposits reached SAR 137,056 million against SAR 132,404 million for the same period of previous year, an increase of 3.5%.

9. The increase in the Bank's profitability in comparison to the same period of 2011, is mainly attributed to the increase of the total operating income.

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