His Excellency, Mr. Eisa M. Al-Eisa, the MD & CEO of Samba Financial Group has announced its financial results for the first quarter 2008.

"Samba's 1st quarter 2008 net income is SR 1,201 million, higher by 27% than the last quarter 2007, and lower by 5.4% than SR 1,270 posted in the same period last year. Total Operating Income was SR 1,790 million, higher by 12% over the 4rth quarter 2007.

Al Eisa affirmed that Samba has achieved this excellent performance in the first quarter 2008 despite the drop in the brokerage and asset management revenues. "The overall financial performance of the Bank continues to be strong with significant growth in consumer, corporate and treasury businesses, adding more diversity and quality to our core revenues from customers. Net Special Commission Income was SR 1,312 million increased by 12.9% over the same period last year, Assets grew by 39% to SR 180 billion as compared to SR130 billion for the first quarter 2007, and Investments increased to SR 67 billion, up by 72% over the same period 2007" says al Eisa.