More than 7 million riyals profit by the end of last year
Riyadh-Amlak
Sulaiman bin Abdulaziz Al-Zaben, CEO of Al Rajhi Bank, explained that the bank achieved net profits during 2013 amounting to 7,438 million riyals.
The CEO revealed that the bank achieved total income from operations during the year 2013 amounting to 14,114 million riyals. Compared to the same quarter last year, net finance and investment income increased to SAR 9.649 million from SAR 9.340 million by 3%, an increase of SAR 308 million, and compared to the same quarter last year, net finance and investment income increased by 4%, an increase of SAR 95 million.

The CEO stated that the bank continued its growth through its successful investment and banking policy, as total shareholders' equity reached SAR 38.4 billion compared to SAR 36.4 billion in the same period last year, an increase of 5%, and total assets increased to SAR 279 billion compared to SAR 267 billion, an increase of 4TP3T.6%, while the bank's financing assets amounted to SAR 186 billion, an increase of 8.6%, and customer balances amounted to SAR 231 billion compared to SAR 221 billion, an increase of 4.6TP3T. The bank achieved a return on assets of 3%, return on equity of 20%, and earnings per share of 4.96 riyals.
The CEO also pointed out that the bank succeeded in diversifying sources of revenue and developing the investment and banking services sectors along with increasing attention to customers and meeting their needs through a wide network of banking branches amounting to 500 internal branches and 28 external branches in addition to an advanced network of ATMs amounting to 3644 ATMs. The CEO concluded his statement by thanking, on behalf of all members of the Board of Directors and the bank's management, the bank's valued customers for their loyalty and the bank's employees for their great efforts in achieving these outstanding results.