Bank Albilad profits increased by 13% in the fourth quarter of 2021, to reach 428 million riyals.
According to Arabiya Net, the results were higher than analysts' expectations, amounting to about 393 million riyals.
Over the past year as a whole, the bank's profits increased by 25% to reach about 1.687 billion riyals.
Bank Albilad said that the reason for the increase in profits during 2021 is mainly due to a rise in income from investment and financing assets, income from fees, commissions, investment gains, dividends and income from other operations.
