Bank Albilad announces its interim financial results for the period ending September 30, 2017, which made a net income of SAR 716.2 million compared to SAR 586.2 million for same period of 2016 with an increase of 22.18%. Total operating income for the period ending September 30, 2017 increased by 14.07 % as compared to same period of last year to reach SAR 2,175.4  million.

For the three months period ending September 30, 2017, Bank Albilad made a net income of SAR 248.1 million compared to SAR 227.8 million for same period of 2016 with an increase of 8.91%. Total operating income for the Third quarter of 2017 increased by 19.48 % as compared to same period of last year to reach SAR  763.0 million.

On the assets side, Bank AlBilad’s total assets as at September 30, 2017 amounted to SAR 62,533 million with an increase of 12.38 % compared to the same period last year, due to the increase in net financing of 15.36 % compared to same period last year to reach SAR 41,815 million and the net investments increased by 93.03% from September 2016 to reach SAR 5,872 million.  The increase in the net income reflected positively on the earning per share to reach SAR 1.19 per share of the for the nine months period of 2017 compared to SAR 0.98. 

It is worth mentioning that Bank Albilad allows customers to take advantage of various products and services through the network of branches throughout the country, exceeding 150 branches offering banking services including 5 sales centers in (Riyadh-Jeddah, Dhahran-Al kharj and Tabuk) working until 9 pm, in addition to 2 branches working 24/7, namely Bank Albilad Branch at Prince Mohammed Bin Abdulaziz International Airport in Medina and Enjaz Branch at Riyadh King Khalid International Airport. Customers may also benefit from these services and products through the Bank’s website www.bankalbilad.com  or communicate around 24-hour via all social media channels including Twitter, Facebook, Instagram and LinkedIn.