Saudi British Bank (SABB) net profits increased 52% to SAR4.872 billion ($1.298 billion) during the fiscal year 2022 and total operating income increased 26% to SAR9.697 billion for the year, said a statement.
The Saudi British Bank’s (SABB) net income rose 10% to SR2.08 billion for first half (H1), compared to SR1.89 billion for the corresponding period in 2021, driven mainly by higher net special commission income.
Saudi British Bank (SABB) has registered a solid performance for the first three months, generating a net income of SR1.01 billion ($293.2 million), up 4% over the last year s figure of SR970 million, thus building upon its achievements of 2021.
The Saudi British Bank has won the “Saudi Arabia’s Best Bank 2022” award by Global Finance magazine for the third year in a row, in recognition of the bank’s efforts in providing the best banking experience to customers. The award is voted on by industry leaders, based on criteria including growth in assets, profitability, geographical scope, strategic relations, business
SABB swings to H1 net profit of $503m tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.