JEDDAH – Riyad Bank posted a 4.1 percent rise in fourth-quarter net profit, it said Monday. It said in a bourse statement that it made SR810 million ($216 million) in the three months ending December 31 compared with SR778 million in the same period a year earlier. The bank said total operating income rose 3.9 percent versus the final three months of 2011 while full-year net profit in 2012 grew 10.1 percent to SR3.47 billion. Profit from special commissions in the fourth quarter rose 1.7 percent over the same period in 2011 to SR1.1 billion. Total assets at the end of 2012 were SR190.2 billion, an increase of 5.1 percent over the end of 2011, while customer deposits rose 4.6 percent over the same time period to SR146.2 billion. Loans and advances rose 4 percent over 2012 to SR117.5 billion. — SG
