Riyadh – Mubasher: The net profits of Bank Albilad hit SAR 1.31 billion in the first half (H1) of 2024, an annual rise of 14.67% from SAR 1.14 billion, according to the interim financials.
Earnings per share (EPS) increased to SAR 1.06 in H1-24 from SAR 0.92 a year earlier, while the clients' deposits jumped by 7.75% to SAR 114.53 billion from SAR 106.28 billion.
Bank Albilad registered 7.30% higher assets at SAR 145.29 billion as of 30 June 2024, versus SAR 135.40 billion in H1-23. Meanwhile, the investments grew by 2.09% to SAR 22.89 billion from SAR 22.42 billion.
Financials for Q2-24
In the second quarter (Q2) of 2024, the lender achieved net profits valued at SAR 670.80 million, higher by 14.49% year-on-year (YoY) than SAR 585.90 million.
Quarterly, the Q2-24 net profits climbed by 4.30% from SAR 643.10 million Q1-24.
