Riyadh – Mubasher: Banque Saudi Fransi logged a 6.87% year-on-year (YoY) increase in net profit to SAR 1.15 billion during the first quarter (Q1) of 2024 from SAR 1.07 billion.
Clients’ deposits grew 4.42% YoY to SAR 174.82 billion in Q1-24 from SAR 167.41 billion, according to the interim financial results.
The bank’s assets rose 11.71% YoY to SAR 268.37 billion in the three-month period that ended on 31 March 2024 from SAR 240.23 billion.
The earnings per share (EPS) reached SAR 0.91 in Q1-24, up from SAR 0.85 in the corresponding period of 2023.
Quarter-on-quarter (QoQ), the bank’s net profit surged 39.05% in Q1-24 from SAR 827 million in the previous quarter.
Banque Saudi Fransi achieved SAR 4.22 billion net profit in 2023, marking an 18.12% YoY increase from SAR 3.57 billion.
