Riyadh – Mubasher: Saudi British Bank (SABB) has generated SAR 3.48 billion in net profit during the first nine months (9M) of 2022, higher by 25.51% year-on-year (YoY) than SAR 2.77 billion.
The earnings per share (EPS) rose to SAR 1.70 in 9M-22, compared to SAR 1.35 during the same period a year earlier, according to the interim income statements.
Additionally, the lender reported clients’ deposits worth SAR 202.86 billion in the January-September 2022 period, an annual growth of 12.55% from SAR 180.24 billion.
The investments enlarged by 19.18% YoY to SAR 78.78 billion in 9M-22 from SAR 66.10 billion, while the assets jumped by 11.29% YoY to SAR 299.99 billion from SAR 269.55 billion.
In the third quarter (Q3) of 2022, SABB logged net profits of SAR 1.39 billion, a leap of 57.79% from SAR 886 million in Q3-21.
On a quarterly basis, the Q3-22 net profits enlarged by 29.20% from SAR 1.08 billion in Q2-22.
During the first half (H1) of 2022, the bank’s net profits amounted to SAR 2.08 billion, up 10.43% from SAR 1.88 billion in the year-ago period.
