Samba Financial Group posted SAR 1,281 million net earnings for Q3 2014, rising 9.39% year-on-year from SAR 1,171 million and 1.91% quarter-on-quarter from SAR 1,257 million.
The nine-month net earnings rose 7.85% to SAR 3,779 million, compared with SAR 3,504 million in the year-ago period.
The earnings per share (EPS) increased from SAR 2.92 to SAR 3.14.
The total assets grew 6.55% to SAR 216,370 million, compared with SAR 203,071 million a year earlier.
The loans and advances portfolio stood at SAR 120,177 million, 8.02% higher than SAR 111,253 million a year earlier.
The customer deposits reached SAR 163,507 million, with an increase of 5.38% compared with SAR 155,157 million a year earlier.
Samba ascribed Q3 profit rise y/y to the increase in total operating income.
The nine-month net profit was driven by increase in total operating income and decrease in operating expenses, the group said.
It added that Q3 profit increase q/q was due to the increase in net special commission income and decrease in operating expenses.