Saudi British Bank (SBB) was created in 1978, taking over the Saudi Arabian operations of British Bank of the Middle East. The bank is 40 per cent owned by HSBC which provides management assistance under a technical management agreement.

Profits have advanced steadily in the 1990s. In 1999, net operating income rose by 9.7 per cent to SR 645 million ($172 million). Interest income rose by almost one-quarter. Most expenses rose in line with operating income, with the exception of provisions for possible loan losses which increased by more than 40 per cent.

Net income advanced by 7.9 per cent compared with a 13 per cent rise in 1998. Most profitability measures improved in 1998. The income/expenses ratio advanced modestly to 1.32. Return on end-year assets was up to 1.

75 per cent and return on end-year equity advanced to just over 20 per cent. Features of the balance sheet in 1999 included an 8.7 per cent rise in loans and advances in line with general trends in the Saudi banking market.

Amounts due from banks was cut and the trading securities portfolio was slashed by 40 per cent. The investment securities portfolio was also reduced in the year. As a result, the total balance sheet fell by 2.

8 per cent, but Saudi British Bank retained its position as the second largest joint venture bank after Saudi American Bank. Customer deposits rose by 8.3 per cent to SR 25,697 million ($6,853 million), equivalent to 68 per cent of the total balance sheet.

Amounts due to banks fell by 35 per cent. Shareholders' equity, lifted by reserve-building, rose by 6.3 per cent. Saudi British Bank has a strong market position and benefits from its connection with HSBC, one of the world's largest banks.

It is set to continue to do well in an economy that is starting to recover its poise.

Individuals	N/A
Institutions	40%
Floating	N/A
Government	N/A

Chairman	Abdallah Mohamed Al Hugail
Director	Andrew Dixon
Chief Executive Officer	David Hodgkinson
Director	Fouad Abdulwahab Bahrawi
Director	Khalid Abdullah Al Molhem
Director	Khalifa Abdul Lateef Al Molhem
Director	Omar Abdulfattah Aggad
Deputy General Manager	Owen Peter Noble Kirrage
Director	Sir David Gore Booth
Director	Sulaiman Saleh Olayan

	2004	2003	2002
Total Assets	57,925,191	46,061,608	46,226,509
Shareholder's Equity	5,385,284	4,746,213	4,283,046
NIAT	1,635,845	1,257,884	972,461
Dividends	N/A	800,000	360,000

	2004	2003	2002
Assets Growth	25.76%	-0.36%	10.27%
Earning Growth	30.05%	29.35%	17.14%
ROaA	3.15%	2.73%	2.21%
ROaE	32.29%	27.86%	23.61%
No. Of Shares	50,000,000	40,000,000	40,000,000
EPS	32.72	31.45	24.31
EPS Growth	30.05%	29.35%	17.14%
Payout Ratio	N/A	63.599	37.019

	Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity

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