Banque Saudi Fransi (BSF) posted SAR 851 million net earnings for the fourth quarter of 2014, soaring 210.58% year-on-year from SAR 274 million but falling 8.1% quarter-on-quarter from SAR 926 million.
The full-year net earnings also climbed 46.13% to SAR 3,516 million, compared with SAR 2,406 million in 2013.
Earnings per share rose from SAR 2 to SAR 2.92.
Total assets also went up 11.01% to SAR 188,777 million, compared with SAR 170,057 million a year earlier.
The lender ascribed Q4 profit growth y/y to the increase in total operating income and decrease in total operating expenses.
Q4 profit decline q/q was due to decrease in total operating income, the bank said.
It also attributed the full-year profit rise to the increase in total operating income and decrease in total operating expenses.
Photo Credit: Arabianeye-Reuters