Riyadh – Mubasher: Bank Albilad posted a 22.52% leap in net profit to SAR 1.54 billion during the first nine months (9M) of 2022, compared to SAR 1.25 billion in 9M-21.

The earnings per share (EPS) went up to SAR 1.55 in 9M-22, versus SAR 1.26 during the same period a year earlier, according to the interim income statements.

Meanwhile, the Saudi lender reported clients’ deposits worth SAR 93.88 billion during the January-September 2022 period, higher by 14.01% year-on-year (YoY) than SAR 82.34 billion.

The assets enlarged by 13.81% YoY to SAR 127.02 billion in 9M-22 from SAR 111.60 billion, whereas the investments jumped by 9.84% YoY to SAR 19.05 billion from SAR 17.34 billion.

In the third quarter (Q3) of 2022, Bank Albilad logged net profits worth SAR 540.60 million, an annual surge of 20.21% from SAR 449.70 million.

On a quarterly basis, the Q3-22 net profits increased by 5.79% from SAR 511 million in Q2-22.          

During January-June 2022, the bank’s net profits widened by 23.80% to SAR 1 billion, compared to SAR 808.80 million in the year-ago period.