NCB's net income reached SR5,042m for nine months of 2012
- Saudi Arabia: Saturday, October 13 - 2012 at 10:21
- PRESS RELEASE
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.
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.
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