Riyadh – Mubasher: The net profits of Saudi British Bank (SABB) hiked by 52.15% to SAR 4.87 billion in 2022, versus SAR 3.20 billion in 2021, according to the annual financial results.
The earnings per share (EPS) stood at SAR 2.37 during the January-December 2022 period, compared to SAR 1.56 a year earlier.
Meanwhile, the clients’ deposits hit SAR 214.27 billion in 2022, an annual rise of 14.73% from SAR 186.76 billion.
Assets increased by 15.44% to SAR 314.45 billion in 2022 from SAR 272.39 billion in 2021, whereas the investments enlarged by 33.06% to SAR 86.36 billion from SAR 64.90 billion.
In the first nine months (9M) of 2022, the Saudi lender logged net profits worth SAR 3.48 billion, a jump of 25.51% from SAR 2.77 billion in January-September 2021.
