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SAUDI BRITISH BANK (SABB) ANNOUNCES ITS ANNUAL FINANCIAL RESULTS FOR THE PERIOD ENDED ON 31 DECEMBER 2011 (TWELVE MONTHS)
2012-01-16 (1433-02-22 )      09:00:36
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Saudi British Bank (SABB) announces its annual financial results for the period ended on 31 December 2011 as follows;

1) Net income during Q4 amounted to SR 655 Million against SR 397 Million for the corresponding quarter of the previous year with the increase of 65 % and against the Net income of SR 630 Million during the previous quarter with the increase of 4 %.

2) Total Operating Income during Q4 amounted to SR 1,122 Million against SR 1,116 Million for the corresponding quarter of the previous year with the increase of 0.5 %.

3) Net Special commission income during Q4 amounted to SR 730 Million against SR 730 Million for the corresponding quarter of the previous year.

4) Net income during 12 months amounted to SR 2,888 Million against SR 1,883 Million for the corresponding period of the previous year with the increase of 53.4%.

5) Earnings per Share during 12 months amounted to SR 3.85 against SR 2.51 for the corresponding period of the previous year.

6) Total Operating Income during 12 months amounted to SR 4,899 Million against SR 4,839 Million for the corresponding previous year with the increase of 1.2%.

7) Net special commission Income during 12 months amounted to SR 3,022 Million against SR 3,243 Million for the corresponding previous year with the decrease of 6.8%.

8) Assets as of 31/12/2011 amounted to SR 138.7 Billion against SR 125.4 Billion for the corresponding period of the previous year with the increase of 10.6%. Investments as of 31/12/2011 amounted to SR 22.2 Billion against SR 25.0 Billion for the corresponding period of the previous year with decrease of 11.2%. Loan and Advances Portfolio as of 31/12/2011 amounted to SR 84.8 Billion against SR 74.2 Billion for the corresponding period of the previous year with the increase of 14.3%. Customers Deposits as of 31/12/2011 amounted to SR 105.6 Billion against SR 94.7 Billion for the corresponding period of the previous year with the increase of 11.5%.

9) The increase in income for the forth quarter and the twelve months ended 31 December 2011 compared to corresponding periods of the previous year is due to decrease in the operating expenses.

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