The Saudi Investment Bank announced it’s achievement of net income of 428 Million for the six months period ending 30 June 2009 compared with SR 538 Million for the corresponding period last year, a decrease of 20%. The net special commission income for the current period declined by 17% to reach SR 504 Million compared with SR 605 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 679 Million compared with SR 1,096 Million for the corresponding period last year a decrease of 38% which was due to the decrease in the gains on no-trading investments from 166 Million to 27 Million, in addition to the decrease in the volumes of trading in the local and international markets. Earnings per share reached SR 0.95 compared to SR 1.20 (according to number of shares after the addition) for the corresponding period last year. The Bank continued 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 Bank increased its possible loan loss provision by 200%, from SR 20 Million to SR 60 Million. The Balance Sheet highlighted the growth in the loans portfolio by 7% to reach SR 30,153 Million compared with SR 28,140 Million for the same period last year. Total deposits declined by 1% to reach SR 36,364 Million. Total assets reached SR 50,731 as of 30 June 2009 compared with SR 51,934 Million for the corresponding period last 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...