Riyadh - Amlak
Riyad Bank stated that the financial results for the period ending 12/31/2012 showed a net profit for the fourth quarter of SAR 810 million, compared to SAR 778 million for the corresponding quarter of the previous year, an increase of 4.1% and compared to a net profit of SAR 840 million for the previous quarter, a decrease of 3.6%.
Total operating profit for the fourth quarter amounted to SAR 1,670 million, compared to SAR 1,607 million for the same quarter of the previous year, an increase of 3.9%. Net profit on special commissions for the fourth quarter amounted to SAR 1,101 million, compared to SAR 1,083 million for the same quarter of the previous year, an increase of 1.7%.
Net profit for the twelve months amounted to SAR 3,466 million, compared to SAR 3,149 million for the same period of the previous year, an increase of 10.1%.
Earnings per share for the current year amounted to SAR 2.31, compared to SAR 2.10 for the previous year.
Total operating profit for the twelve months amounted to SAR 6,786 million, compared to SAR 6,276 million for the same period of the previous year, an increase of 8.1%. Net profit from special commissions for the twelve months amounted to SAR 4,381 million, compared to SAR 4,197 million for the same period of the previous year, an increase of 4.4%.
Assets as of 12/31/2012 amounted to SAR 190,181 million, compared to SAR 180,887 million for the previous year, an increase of 5.Loans and advances as of 31/12/2012 amounted to SAR 117,471 million compared to SAR 112,973 million for the previous year, an increase of 4%, investments amounted to SAR 36,254 million compared to SAR 36,616 million, a decrease of 1%, and customer deposits as of 31/12/2012 amounted to SAR 146,215 million compared to SAR 139,823 million for the previous year, an increase of 4.6%
The increase in net profit for the fourth quarter compared to the same quarter of the previous year is due to the increase in total operating income. The increase in net profit for the current twelve-month period ended December 31, 2012 compared to the same period last year is due to the increase in total operating income.
