Riyadh – Mubasher: Riyad Bank recorded 15.97% year-on-year (YoY) higher net profits at SAR 7.06 billion in the first nine months (9M) of 2024, compared to SAR 6.09 billion.
The earnings per share (EPS) increased to SAR 2.28 in 9M-24 from SAR 1.95 a year earlier, according to the interim financial statements.
Riyad Bank reported clients’ deposits amounting to SAR 293.57 billion as of 30 September 2024, an annual growth of 15.25% from SAR 254.71 billion.
Assets jumped 14.94% to SAR 433.36 billion in 9M-24 from SAR 377.01 billion in 9M-23, while investments rose by 14.26% to SAR 66.13 billion from SAR 57.88 billion.
Income Results for Q3-24
The net profits stood at SAR 2.65 billion during the third quarter (Q3) of 2024, marking a 27.02% hike from SAR 2.08 billion in the year-ago period.
On a quarterly basis, the Q3-24 profits increased by 13.53% from the SAR 2.33 billion generated in Q2-24.
