The Saudi Investment Bank announced that with an increase of 5.2 %, it has achieved profits more than SR 70 Million at the end of the First Quarter of 2000 compared with SR 66.6 Million for the same period a year earlier. The profits thus achieved are a manifestation of the sustained growth of the Bank's business, its capability to compete and achieve success in carving out a new market share despite the tough competition among the banks of this region. The figures of the Balance Sheet and Income Statement were characterized with a significant growth at all levels of the Bank's activities. The Balance Sheet does highlight the growth of the Bank's assets which reached to SR 13256 Million compared with SR 12564 Million during the same period in the last year and the Bank could be aptly able to increase its share in the market of the customers' deposits which rose to SR 1132 Million or with increase of 14%. At the same time, the Bank was able to increase its loan portfolio to SR 6761 Million i.e. with an increase of 7%. The investment portfolio rose to SR 4210 Million with an increase of 18%, and the shareholders' equity continued to increase until it reached SR 1770 Million compared with SR 1582 Million during the same period in the last year. The capital increased from SR 858 Million to SR 1000 Million. On the expenses side, the Bank continued to keep its expenses well under control, while at the same time, it could achieve increase in its revenues. The Bank is concerned with increasing its efficiency by managing its available resources and achieve the best possible return. Through implementation of this policy, the Bank achieved the best efficiency ratio among all Saudi and regional Banks. Dr. Abdul Aziz Abdullah Al Ohali, expressed his complete satisfaction with the results and development achieved by the Bank and its business growth in the market looking forward to the Bank's achieving distinguished results during the Year 2000 in line with the previous years, stressing at the same time that the Bank shall be continuing to invest in the operating systems, technology and qualified work force. 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...