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FINANCIAL NEWS
Saudi-Alinma Bank’s revenue grows by 8pct in Q1
19 Apr 2017
(MENAFN) Alinma Bank has proclaimed that it earned revenue of SR421mn amid the first quarter of the year, which shows an 8 percent improvement over the SR391mn in the same period of 2016.
Additionally, assets increased to SR105.256mn compared to SR91.611mn for the same period of last year, an increase of 15 percent.
Whole operating income amid the cited period of the year reached SR1.005mn, compared to SR734mn for the same quarter of last year, a jump of 37 percent.
Furthermore, net income from financing and investment activities reached SR814mn, compared to SR611mn from the same quarter of 2016.
MENAFN1904201700450000ID1095403357
MENAFN1904201700450000ID1095403357
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