Saudi Arabia's Alinma Bank reports 70% increase in net profit
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Saudi Arabia's Alinma Bank reports 70% increase in net profit

Saudi Arabia's Alinma Bank reports 70% increase in net profit

Saudi lender Alinma Bank has posted a 70% surge in net profit in 2012 to SR733m, compared with profits of SR431m recorded in the previous year, Arab News has reported. Net income during the fourth quarter of 2012 also jumped to SR208m from SR136m during the same quarter of 2011.Total assets rose from SR36.78bn in 2011 to SR54.01bn in 2012, an increase of 47%, the bank said.

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