Mr. Eisa M. Al Eisa, Managing Director and CEO of Samba Financial Group announced that the Group has realized net profits of SR 3,868 million during the first nine months of 2007. The 3rd quarter profits posted SR 1,302 million against SR 1,296 million for the second quarter 2007, an increase of 0.5%, driving the profit per share to reach SR 2.17 against SR 2.16 for the second quarter 2007.
The group has witnessed continuous growth in its core banking segments compared with the corresponding period 2006, Al Eisa added. Our special commission income rose by 15.6% to SR 3,677 million against SR 3,182 million for the corresponding period last year, and exchange income rose by 43.2% to SR 287.14 million against SR 200.5 million for the corresponding period last year. Al Eisa also highlighted the financial indicators and their positive implications on the Group's performance. Our assets grew by 22.1% to SR 141,286 million from SR 115,755.9 million for the corresponding period last year, loans grew by 16.4% up to SR 77,914 million and deposits grew by 18.4% to SR 105,905.4 million from the same period last year, and our total equity grew by 17.1% to SR 16,928.4 billion from the corresponding period last year.