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Bank Aljazira records SAR 204.5m net profits in Q3

Bank Aljazira records SAR 204.5m net profits in Q3
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Riyadh – Mubasher: Bank Aljazira registered net profits worth SAR 204.5 million during the third quarter (Q3) of 2021, up 12.6% from SAR 181.6 million in Q3-20.

Quarter-on-quarter (QoQ), the net profits in Q3-21 were 18.5% lower than SAR 251.2 million in Q2-21, according to the interim income results on Wednesday.

During the first nine months of 2021, Bank Aljazira posted a year-on-year (YoY) increase of 46.9% in net profits to SAR 777.3 million from SAR 529 million.

Earnings per share stood at SAR 0.92 at the end of September this year from SAR 0.65 in the same period in 2020.

Clients’ deposits soared by 17.9% YoY to SAR 74.26 billion in the January-September 2021 period from SAR 62.97 billion.

Assets grew by 7% YoY to SAR 98.57 billion in the nine-month period this year from SAR 91.91 billion.