The financial statements of the Saudi Investment Bank showed that the first quarter earnings of this year fell 0.4% on an annual basis.

According to the bank’s statement to the Saudi market, today, Sunday, profits for the period amounted to 359.9 million riyals, compared to profits worth 361.2 million riyals for the same period last year.

On the other hand, the total profit of the bank's operations during the comparative periods increased by 3.1%, mainly due to the increase in the net special commission income and the income of banking services fees. Mainly offset by a decrease in foreign exchange gains, and fair value through realized profits and losses.

The results showed that customer deposits at the bank increased 4.6% during the first quarter of this year to reach 63.82 billion riyals, compared to 61.03 billion riyals for the same period in 2018. < / p>

Namazon Services..programmed technical analysis platform ... for Emirati, Saudi, and global markets

To more:

SABIC profits decline 38% in the first quarter