Riyadh – Mubasher: Al Rajhi Bank reported net profits of SAR 14.74 billion in 2021, a surge of 39.16% from SAR 10.59 billion a year earlier.

The bank's earnings per share increased to SAR 5.9 in 2021, compared to SAR 4.24 in 2020, according to a bourse disclosure.

Clients' deposits grew by 33.82% year-on-year (YoY) to SAR 512.07 billion during 2021 from SAR 382.63 billion.

The bank’s assets jumped to SAR 623.67 billion in 2021, an annual increase of 33.02% compared to SAR 468.82 billion.

It is worth noting that during the third quarter (Q3) of 2021, Al Rajhi Bank posted net profits of SAR 3.79 billion, an increase of 42.7%from SAR 2.65 billion in Q3-20.