His Excellency, Mr. Eisa Al-Eisa, the MD & CEO of Samba Financial Group has announced its financial results for the 4th Qtr 2007 and the year ended Dec 31, 2007.

"Samba's 4Q07 net income attributable to the shareholders is SR 955 million which increased by 2% over the same quarter last year which was SR 938 million. Total Operating income at SR 1.6 billion increased by more than 5%, whereas Net Special Commission Income at SR 1.3 billion increased by 13% over 4Q06.

"The overall financial performance of the Bank continues to be strong with significant growth in consumer, corporate and treasury businesses" Al Eisa said and added "Such positive result and string growth reflects our clients' continued trust and support. We also continued to enjoy strong capitalization backed with strong financial position. Shareholders' equity hit SR 17.9 billion, total assets at 154 billion were higher 24.5% compared to SR 124 billion last year, investments at SR 54 billion were up by 42% compared to SR 38 billion in Dec 2006, while total loans and advances stood at SR 81 billion, up by 21% vs. last year. Total deposits were SR 116 billion, up 22% since last year. Net Special Commission Income at SR 4.94 billion increased by 15% over 2006, Foreign Exchange income rose by 56.5% to SR 431 million.