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18/07/2016 09:15 AST
Bank Albilad reported Q2 net profit of SAR 183.9 million, down 10.94 per cent on Q2 2015. For H1 2016 overall, the bank showed net profits down 5.83 per cent to SAR 358.4 million. Earnings per share were down to SAR 0.60 from SAR 0.63.
Albilad added that EPS was adjusted to conform with the bonus shares issuance increasing the bank's capital from SAR 5 Billion to SAR 6 Billion in the ratio of one share for every five shares, as approved in the Extra Ordinary General Assembly meeting held on 11 April 2016.
The bank said the decrease in net income is due to a rise in total operating expense by 19.2 per cent on the back of increases in salaries and employee related benefits expenses, rent and premises expenses and provisions / impairment for financing and investments assets.
Albilard reported total assets up 10.72 per cent to SAR 54.4 billion. Loans and advances rose 16.56 per cent to SAR 36.93 billion while customer deposits were up 9.96 per cent at 42.1 billion.
CPI Financial
14/01/2018
The Board of Directors of Bank Albilad has recommended on 27/04/1439 H corresponding to 14/01/2018 the distribution of dividend to the shareholders for the period the second half of 2017 as following
Tadawul
26/09/2017
The Board of Directors of Bank Albilad has decided on 05/01/1439H corresponding 25/9/2017 the distribution of dividend to the shareholders for the first half of the year 2017 as following:
1
Tadawul
28/11/2016
Western Union, a leader in global payments services, and Bank AlBilad, one of the fastest growing banks in Saudi Arabia, launched on Sunday at the banks' headquarters in Riyadh the Western Union onl
Saudi Gazette
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27/11/2025
As part of the government's ongoing commitment to empowering people with disabilities and reinforcing their role in the Kuwaiti community and the labor market, Dr Ahmad Abdulwahab Al-Awadhi, Minister
Kuwait Times
27/11/2025
In line with its progressive and forward-looking banking innovation and digital transformation strategy, Burgan Bank attended the Business Suite Innovation Day, hosted by the Bank's strategic partner
Kuwait Times
27/11/2025
S&P Global Ratings announced that it has upgraded the credit rating of National Bank of Kuwait (NBK) from 'A' to 'A+', with a Stable Outlook. The agency explained that the upgrade reflects NBK's posi
Kuwait Times
27/11/2025
ADNOC Gas and its subsidiaries, a world-class integrated gas processing company, today announced the signing of a landmark agreement, valued between $3.5 billion and $4.2 billion with EMSTEEL, one of
Trade Arabia
27/11/2025
Multiply Media Group (MMG), a subsidiary of Abu Dhabi's 2PointZero Group PJSC, has acquired 100% of London Lites, securing full ownership of one of the UK capital's most prominent digital Out-of-Home
Gulfnews
Financial Information Co.
Saudi Arabia