Riyadh – Mubasher: Alinma Bank has achieved a 37.7% year-on-year (YoY) increase in net profits to SAR 2.70 billion in 2021 from SAR 1.96 billion.

Earnings per share soared to SAR 1.31 in 2021, compared to SAR 0.99 in 2020, according to the financial results on Sunday.

Clients’ deposits grew by 1.34% to SAR 121.06 billion in 2021 from SAR 119.45 billion a year earlier.

The Saudi lender’s assets surged by 10.58% to SAR 173.47 billion last year from SAR 156.87 billion in 2020.

During the first nine months (9M) of 2021, Alinma Bank’s net profits increased to SAR 2.09 billion from SAR 1.57 billion in 9M-20.