Riyad Bank — Interim / Quarterly Report 2012

Apr 14, 2012

RIYAD BANK ANNOUNCED ITS INTERIM CONSOLIDATED FINANCIAL RESULTS FOR THE PERIOD ENDING 31/03/2012 (THREE MONTHS)

1010 · 14/04/2012 15:55:51 · Announcement #25145 · View on Saudi Exchange

RIYAD BANK ANNOUNCED ITS INTERIM CONSOLIDATED FINANCIAL RESULTS FOR THE PERIOD ENDING 31/03/2012 (THREE MONTHS)

Riyad Bank announced its interim consolidated financial results for the period ending 31/03/2012 as follows:

1.Net profits for the first quarter of 2012 reached SAR 901 million against SAR 741 million for the same quarter of the previous year, an increase of 21.6%, and against SAR 778 million for the previous quarter, an increase of 15.8%.

2.Total operating income for the first quarter of 2012 reached SAR 1,671 million against SAR 1,527 million for the same quarter of the previous year, an increase of 9.4%.

3.Net special commissions for the first quarter of 2012 reached SAR 1,068 million against SAR 984 million for the same quarter of previous year, an increase of 8.5%.

4.Earnings per share for the three months recorded SAR 0.60 against SAR 0.49 for the same period of the previous year.

5.Total Assets as of 31/03/2012, reached SAR 183,393million against SAR 180,720million for the same period of the previous year, an increase of 1.5%. Investments reached SAR 42,696 million against SAR 38,695 million for the same period of the previous year, an increase of 10.3%. Loans and Advances reached SAR 113,695 million against SAR 109,362 million for the same period of the previous year, an increase of 4%. Customer Deposits reached SAR 139,536 million against SAR 133,140 million for the same period of previous year, an increase of 4.8%.

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

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