The Saudi Investment Bank announces its interim 2nd Quarter results as of 30/06/2013 (six months) as follows: The second quarter net income was SAR 320.4 million compared to SAR 222.4 million for the same quarter last year with an increase of 44%, and compared to a net income of SAR 314.3 million for the previous quarter with an increase of 2%. Operating income for the second quarter reached SAR 518.7 million compared to SAR 419.4 million for the same quarter last year with an increase of 24%. Net special commission income for the second quarter reached SAR 343.4 million compared to SAR 306.5 million for the same quarter last year with an increase of 12%. Net income for the six months period was SAR 634.7 million compared to SAR 434.6 million for the same period last year, an increase of 46%. Earnings per share for the six month period reached SAR 1.15 compared to SAR 0.79 for the same period last year. Operating income for the six month period reached SAR 1,024.1 million compared to SAR 878.0 million for the same period last year, an increase of 17%. Net special commission income for the six month period reached SAR 683.0 million compared to SAR 597.1 million for the same period last year, an increase of 14%. Assets as of 30/06/2013 reached to SAR 66,659 million compared to SAR 53,464 million for the same period last year with an increase of 25%. Investments reached SAR 16,100 million compared to SAR 9,167 million for the same period last year with an increase of 76%. Loans and advances reached SAR 40,414 million compared to SAR 29,795 million for the same period last year with an increase of 36%. Customers’ deposits reached SAR 48,560 million compared to SAR 38,080 million for the same period last year with an increase of 28%. The increase in net income for the second quarter of 2013 compared to the same period last year was due to the increase in operating income. The increase in net income for the six months period of 2013 compared to the same period last year was due to the increase in operating income and the decrease in operating expenses. The increase in net income for the second 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...