Riyadh – Mubasher: The Saudi National Bank (SNB) logged net profits amounting to SAR 15.04 billion in the first nine months (9M) of 2023, an annual increase of 8.92% from SAR 13.81 billion.

SNB reported clients’ deposits valued at SAR 624.76 billion in 9M-23, higher by 4.67% than SAR 596.88 billion a year earlier, according to the interim financial results.

The earnings per share (EPS) hit SAR 2.42 in January-September 2023, up year-on-year (YoY) from SAR 2.25.

As of 30 September 2023, the assets grew by 6.50% YoY to SAR 1.02 trillion from SAR 964.42 billion, while the investments soared by 5.79% YoY to SAR 266.77 billion from SAR 252.18 billion.

Income Statements for Q3-23

During the third quarter (Q3) of 2023, the Saudi lender posted net profits valued at SAR 5.010 billion, marking a 6.03% rise from SAR 4.725 billion in the year-ago period.

On a quarterly basis, the Q3-23 net profits edged down by 0.12% from SAR 5.016 billion in July-September 2023.