Riyadh-Mubasher: Saudi Arabia-based Alinma Bank made SAR 386 million in net earnings during the fourth quarter of 2015, a rise of 16% over SAR 332 million in the year-earlier period.
“Net profits increased due to a rise in total operating income by 8.18% as a result of growth in net income from financing and investments activities and fees from banking services,” the lender said.
Full-year net income also grew by 16% year-on-year from SAR 1.2 billion to SAR 1.5 billion.
Alinma attributed the full-year profit increase to a rise in total operating income by 16.91% on account of growth in net income from financing and investments activities, as well as fees from banking services and exchange-related income.
