The Saudi Investment Bank announces its interim third Quarter results as of 30/09/2013 (nine months) as follows: The third quarter net income was SAR 325.4 million compared to SAR 231.8 million for the same quarter last year with an increase of 40%, and compared to a net income of SAR 320.4 million for the previous quarter with an increase of 2%. Operating income for the third quarter reached SAR 501.4 million compared to SAR 407.2 million for the same quarter last year with an increase of 23%. Net special commission income for the third quarter reached SAR 346.6 million compared to SAR 320.6 million for the same quarter last year with an increase of 8%. Net income for the nine months period was SAR 960.1 million compared to SAR 666.4 million for the same period last year, an increase of 44%. Earnings per share for the nine month period reached SAR 1.75 compared to SAR 1.21 for the same period last year. Operating income for the nine month period reached SAR 1,525.5 million compared to SAR 1,285.2 million for the same period last year, an increase of 19%. Net special commission income for the nine month period reached SAR 1,029.7 million compared to SAR 917.7 million for the same period last year, an increase of 12%. Assets as of 30/09/2013 reached to SAR 70,814 million compared to SAR 55,049 million for the same period last year with an increase of 29%. Investments reached SAR 15,886 million compared to SAR 10,103 million for the same period last year with an increase of 57%. Loans and advances reached SAR 42,725 million compared to SAR 31,786 million for the same period last year with an increase of 34%. Customers’ deposits reached SAR 51,849 million compared to SAR 38,836 million for the same period last year with an increase of 34%. The increase in net income for the third 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 nine 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 third quarter of 2013 compared to the previous quarter was due to the decrease in operating expenses. 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...