audi Investment Bank announced the achievement of net income of 631 Million for the nine months period ended 30 September 2009, compared with SR 604 Million for the corresponding period last year, an increase of 4%. The net special commission income for the current period declined by 10% to reach SR 744 Million compared with SR 827 Million for the corresponding period last year due to the general decline in the local and international interest rates. The total operating income reached to SR 1,049 Million compared with SR 1,511 Million for the corresponding period last year, The S a decrease of 31% which was due to the decrease in the gains on non-trading investments which reached SR 86 Million compared to SR 136 Million for the corresponding period last year, in addition to the decrease in the fees from banking services by SR 199 Million to reach SR 176 Million due to the decrease in the volumes of trading in the local and international markets. Earnings per share reached SR 1.40 compared to SR 1.34 for the corresponding period last year. The Bank booked SR 120 Million in loan loss provision for the nine-month period ending 30 September 2009, to continue to pursue its conservative policy of setting aside additional sufficient provisions in order to enable it to expand its lending activities and to increase its participation in the development of the national economy and the support of its productive sectors. The Balance Sheet highlighted the growth in the loans portfolio by 2% to reach SR 30,526 Million compared with SR 29,874 Million for the same period last year. The decline in the total assets was due to the decline in the Due From Banks and Financial Institutions from its level at year-end 2008, which came alongside with the decrease in the Due to Banks and Financial Institutions and Customer Deposits in the current year. 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...