Saudi Investment Bank (SAIB) reported SAR 375 million net earnings for the fourth quarter of 2014, rising 14.75% year-on-year from SAR 326.8 million and 1.02% quarter-on-quarter from SAR 371.2 million.
The full-year net earnings also grew 11.63% to SAR 1,436.5 million, compared with SAR 1,286.8 million in 2013.
Earnings per share rose from SAR 2.14 to SAR 2.39.
Total assets also went up 16.31% to SAR 93,626 million, compared with SAR 80,495 million a year earlier.
The bank ascribed the profit growth in Q4 and FY14 to the increase in operating income.
Photo Credit: Arabianeye-Reuters