NCB's chairman Mr. Mansour Al-Maiman remarked "The Bank's strategy to diversify its sources of revenue has resulted in an increase of 20.9% in fee income from banking services and 7.5% in net special commission income, compared to the same period of the previous year."
Mr. Mansour Al-Maiman added "The Bank's total assets grew to reach SR321bn compared to SR307bn at the end of the same period of the previous year, an increase of 4.5%. Total shareholders' equity reached SR38.4bn compared to SR34.7bn at end of the same period of the previous year, an increase of 10.9%."
The loans and advances portfolio grew to SR157bn compared to SR130bn at the end of the same period last year, an increase of 21.1%; customer deposits grew to SR251bn compared to SR243bn at the end of the same period last year, an increase of 3.4%.
Al-Maiman concluded by expressing his deep gratitude to the Bank's clients and shareholders for their trust in the Bank and to the Board of Directors and staff for their contribution and support to help it achieve these results.
Browse
related articles
NCB's net income reached SR5,042m for nine months of 2012
- Saudi Arabia: Saturday, October 13 - 2012 at 10:21
- PRESS RELEASE
Related content
The National Commercial Bank announced that net income for the nine months of 2012 reached SR5,042m compared to SR4,473m for the same period of the previous year, an increase of 12.7%, Net income for the third quarter amounted to SR1,480m.
Article Options
Log in to request more information from National Commercial Bank (NCB)
Posted by Ishraq Al TalSaturday, October 13 - 2012 at 10:21 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.
Notes and Media Contacts »
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of Mediaquest FZ LLC. Mediaquest FZ LLC is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
