JEDDAH: The National Commercial Bank (NCB) logged SR1,256 million net profit in the fourth quarter of 2010 compared to SR769 million for the same quarter of the previous year, or an increase of 63 percent and compared to a net profit of SR828 million for the previous quarter, an increase of 52 percent. Operating income amounted to SR2,731 million compared to SR2,563 million for the same quarter last year, up 6.6 percent. Net profit during the year amounted to SR4,724 million compared to SR 4,040 million for the previous year, an increase of 16.9 percent, whereas operating income during the year reached SR11,667 million against SR11,479 million for the previous year, an increase of 1.6 percent. Total assets amounted to SR282,372 million compared to SR257,452 million at the end of the previous year, an increase of 9.7 percent. Loans and advances amounted to SR125,597 million compared SR112,158 million at the end of the previous year, an increase of 12 percent. Customer deposits grew to reach SR229,160 million compared to SR202,583 million at the end of the previous year, an increase of 13.1 percent.
