Riyadh – Mubasher: The Saudi National Bank (SNB) registered a 46.67% hike in net profit to SAR 18.58 billion in 2022, compared to SAR 12.66 billion in 2021.

Earnings per share (EPS) stood at SAR 4.06 in the January-December 2022 period, higher than SAR 2.99 in 2021, according to the financial results.

Meanwhile, the clients’ deposits declined by 3.45% year-on-year (YoY) to SAR 568.28 billion in 2022 from SAR 588.57 billion.

The assets grew by 3.43% to SAR 945.49 billion in 2022 from SAR 914.14 billion in 2021, whereas the investments jumped by 6.49% to SAR 258.29 billion from SAR 242.56 billion.

In the first nine months (9M) of 2022, the Saudi lender generated SAR 13.81 billion net profits, a 42.35% YoY leap from SAR 9.70 billion.

Additionally, the EPS increased to SAR 3.02 in 9M-22 from SAR 2.35 in January-September 2021.