Riyadh – Mubasher: Saudi British Bank (SABB) achieved net profits after Zakat and tax worth SAR 1.88 billion in the first half (H1) of 2021, against losses worth SAR 5.89 billion in H1-20.
The profit per share stood at SAR 0.92 in H1-21, versus a loss per share of SAR 2.87 in the same half last year, according to a bourse filing on Wednesday.
The bank’s assets totalled SAR 272.94 billion at the end of June 2021, higher by 2% than SAR 266.99 billion in H1-20.
Clients’ deposits reached SAR 186.82 billion in H1-21, down 0.8% from SAR 188.35 billion in H1-20.
During the second quarter (Q2) of 2021, SABB turned profitable at SAR 919 million, against losses worth SAR 6.86 billion in Q2-20.
Similarly, the bank turned to profits worth SAR 970 million in Q2-21 on a quarterly basis from SAR 5.25 million in Q1-21.
The Saudi lender will be paying a total of SAR 1.02 billion as cash dividends for H1-21.
