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Bank Aljazira registers hike in 2021 profits

Bank Aljazira registers hike in 2021 profits
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Riyadh – Mubasher: The net profits of Bank Aljazira surged to SAR 1 billion in 2021, compared to SAR 33.8 million in the earlier year.

The bank's net income from special commissions rose by 9.82% to SAR 2.63 billion in 2021 from SAR 2.39 billion in 2020, according to a bourse filing on Thursday.

The bank's assets amounted to SAR 102.83 billion last year, up 11.66% from SAR 92.09 billion in 2020.

The earnings per share (EPS) stood at SAR 1.18 in 2021, against SAR 0.04 in the previous year.

It is noteworthy to mention that during the first nine months (9M) 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.