Riyadh – Mubasher: Al Inma Bank’s profits rose 12.05% year-on-year to SAR 409 million ($109.07 million) in the second quarter of 2016 from SAR 365 million ($97.3 million), according to a bourse filing.

The bank’s profits in Q2-16 are the highest since the bank’s inauguration in the second half of 2009, according to a statistics released by Mubasher Info.

Investment volume reached SAR 5.7 billion in Q2, which is the lowest since Q4-13 when the bank posted SAR 5.4 billion.

The increase in the bank’s net profits is attributed to a 18% decrease in total operating expenses, while total operating income fell 4%.

Al Inma’s net profits retreated 12.83% to SAR 800 million in the H1-16 from SAR 709 million in the same period of the previous year.