Riyadh on 07/04/2013 The Saudi Investment Bank announces its interim 1st Quarter results as of 31/03/2013 (Three Months) as follows: (1) The first quarter net income was SAR 314.3 million compared to SAR 212.2 million for the same quarter last year with an increase of 48%, and compared to a net income of SAR 245.6 million for the previous quarter with an increase of 28%. (2) Operating income for the first quarter reached SAR 505.4 million compared to SAR 458.6 million for the same quarter last year, with an increase of 10%. (3) Net special commission income for the first quarter reached SAR 339.6 million compared to SAR 290.7 million for the same quarter last year, with an increase of 17%. (4) Earnings per share for the three months reached SAR 0.57 compared to SAR 0.39 for the same period last year. (5) Assets as of 31/03/2013 reached SAR 63,129 million compared to SAR 52,189 million for the same period last year with an increase of 21%. Investments reached SAR 15,328 million compared to SAR 9,001 million for the same period last year with an increase of 70%. Loans and advances reached SAR 36,990 million compared to SAR 27,981 million for the same period last year with an increase of 32%. Customers’ deposits reached SAR 44,039 million compared to SAR 36,945 million for the same period last year with an increase of 19%. (6) The increase in net income for the first quarter of 2013 compared to the same period last year was due to the increase in operating income in addition to the decrease in operating expenses. (7) The increase in net income for the first quarter of 2013 compared to the previous quarter was due to the increase in operating income. Latest Articles Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. 9 Jun 2024 The Saudi Investment Bank and Saudia’s AlFursan Loyalty Program Unveil Pioneering “Travel Account” In partnership with Saudia’s AlFursan loyalty program, The Saudi Investment Bank (SIB) has introduced the "Travel Account," a... 26 Oct 2023 The Saudi Investment Bank signs an official partnership agreement with Real Madrid CF The Saudi Investment Bank (SIB) announced today its new partnership agreement with Real Madrid CF. This collaboration aims to... 21 Apr 2021 The Saudi Investment Bank: First bank in the Kingdom to adopt Cisco Innovative Technologies Cisco’s innovative network infrastructure enables The Saudi Investment Bank to quickly adapt to changes in business needs while... 2 Feb 2020 Microsoft publishes a customer story on The Saudi Investment Bank’s applications of ‘Microsoft Power BI’ platform Microsoft just published on its official portal a customer story brief about The Saudi Investment Bank applications of Microsoft... 12 Nov 2019 SIB’s Integrated Report 2018 wins the most prestigious global award for annual reports The International ARC Awards have awarded The Saudi Investment Bank’s (SIB) Integrated Report 2018 the Grand Award for the Best of... 7 Jul 2019 The Saudi Investment Bank supports the GCC Board Directors Institute to raise the level of corporate governance and board effectiveness The Saudi Investment Bank has signed a one-year partnership agreement with the GCC Board Directors Institute to support the promotion...