Saudi ministers meet UK's defense secretary to strengthen bilateral ties    Saudi-French Ministerial Committee holds second meeting to advance AlUla development    Abo Noghta Castles in Tabab joins UNESCO's Best Tourism Villages list    RSAF and Saudi Falcons captivate audiences at Bahrain airshow    Mike Tyson slaps Jake Paul during final face-off    South Africa's Mia le Roux pulls out of Miss Universe pageant    US hacker sentenced over Bitcoin heist worth billions    Ten dead in fire at Spanish retirement home    UN climate talks 'no longer fit for purpose' say key experts    Questions raised over Portugal's capacity to host Europe's largest annual tech event    Delhi shuts all primary schools as hazardous smog worsens    Riyadh lights up as Celine Dion and Jennifer Lopez dazzle at Elie Saab's 45th-anniversary celebration    Mohammed Al-Habib Real Estate Co. sets Guinness World Record with largest continuous concrete pour    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    PIF completes largest-ever accelerated bookbuild offering in MENA region    Saudi Arabia's inflation rate hits 1.9% in October, the highest in 14 months    Order vs. Morality: Lessons from New York's 1977 Blackout    South Korean actor Song Jae Lim found dead at 39    Don't sit on the toilet for more than 10 minutes, doctors warn    Saudi Champion Saeed Al-Mouri scores notable feat in Radical World Championship in Abu Dhabi with support from Bin-Shihon Group    France to deploy 4,000 police officers for UEFA Nations League match against Israel    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Bank AlJazira registers 65% rise in 2012 profits
Published in The Saudi Gazette on 16 - 01 - 2013

JEDDAH – Bank AlJazira's net income increased 65 percent to SR501 million during 12 months of 2012, compared to SR 303 million for the same period last year, the company said in a statement Tuesday.
The increase is due to the increase in operating income.
Earnings per share for the 12 months amounted to SR1.67 compared to SR1.01 in the preceding year.
However, net income for Q4 2012 amounted to SR98 million, a decrease of 11 percent compared to SR110 million for Q4 2011 and a decrease of 25 percent compared to SR130 million for Q3 2012.
The decrease is due to the increase of operating expenses.
Total operating income for Q4 2012 amounted to SR372 million, an increase of 13 percent compared to SR330 million for Q4 2011.
Net special commission income for Q4 2012 amounted to SR247 million, an increase of 25 percent compared to SR 197 million for Q4 2011.
Total operating income in 2012 amounted to SR1.60 billion, an increase of 33 percent compared to SR1,208 million for the same period last year.
Net special commission income during 12 months of 2012 amounted to SR951 million, an increase of 22 percent compared to SR781 million for the same period last year.
Total assets increased by 31 percent and amounted to SR50.958 billion as of Dec. 31, 2012 compared to SR38.90 billion in the preceding period.
Investments increased by 69 percent and amounted to SR 9.10 billion as of Dec.31, 2012 compared to SR 5.40 billion as of Dec. 31, 2011.
Loans and advances portfolio increased by 28 percent to reached SR29.90 billion compared to SR23.31 billion in the period covered.
Customers deposits increased by 31 percent to reach SR40.68 billion as of Dec. 31, 2012 compared to SR31.160 billion in the previous year. – SG


Clic here to read the story from its source.