Samba Financial Posts Q114 Results

News: Saudi Arabia-based Samba Financial Group registered a 7.1% year-on-year (y-o-y) rise in net profit to SAR1.24bn (USD330.64mn) in Q114, ended March 31 2014, compared with SAR1.16bn (USD309.31mn) in Q113. Profit from special commissions was SAR1.08bn (USD287.98mn) in Q114, while operating income decreased by 1.3% to SAR1.87bn (USD498.63mn). Customer deposits grew 4.7% y-o-y to SAR158.8bn (USD42.34bn) at end March 31 2014, while loans and advances increased by 10.9% y-o-y to SAR115.6bn (USD30.82bn).

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Geography: Saudi Arabia

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