trending Market Intelligence /marketintelligence/en/news-insights/trending/A53VW7EHlWpedbHa9sjARg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Samba Financial Group posts 10% rise in FY'18 profit

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Samba Financial Group posts 10% rise in FY'18 profit

Samba Financial Group reported full-year 2018 net profit of 5.53 billion Saudi Arabian riyals, an increase of 10% from the 5.02 billion riyals it earned in 2017.

EPS for the year was 2.76 riyals, compared to the year-ago 2.51 riyals.

The Riyadh-based lender said the increase was mainly driven by an increase in net special commission income, which rose on yearly basis to 6.15 billion riyals from 5.73 billion riyals.

Total operating expenses declined by 8.4% year over year due to lower salaries, depreciation expenses, credit costs and general and administrative expenses.

As of Jan. 16, US$1 was equivalent to 3.75 Saudi Arabian riyals.