Riyadh – Mubasher: The net profits of Arab National Bank (ANB) soared by 37.28% year-on-year (YoY) to SAR 3.13 billion in the first nine months (9M) of 2023, compared to SAR 2.28 billion.
The lender registered clients’ deposits worth SAR 154.22 billion in 9M-23, an annual rise of 4.34% from SAR 147.80 billion, according to the initial financial results.
Earnings per share (EPS) hit SAR 2.09 in the January-September 2023 period, marking a YoY growth from SAR 1.52.
The bank’s assets increased by 5.27% to SAR 218.19 billion in 9M-23 from SAR 207.26 billion in 9M-22, while the investments climbed by 13.19% to SAR 46.32 billion from SAR 40.92 billion.
Income Statements for Q3-23
During the third quarter (Q3) of 2023, ANB logged net profits worth SAR 1.07 billion, higher by 16.83% than SAR 921 million in the year-ago period.
On a quarterly basis, the Q3-23 net profits grew by 9.13% from SAR 986 million in April-June 2023.
