Riyadh – Mubasher: Bank Aljazira reported lower net earnings in 2020 by 96.6% at SAR 33.8 million, compared to SAR 991 million in 2019.
This decline in profits is attributed to higher operating expenses by 75%. However, total operating income rose by 10%, according to a bourse statement on Monday.
Furthermore, the lender’s assets grew by 6.4% annually last year to stand at SAR 92.1 billion and net income from special commissions/financing and investments increased by 16.5% yearly to SAR 2.39 billion.
