Lubna S. Olayan: SABB recorded a net income after zakat and income tax of SAR 2,086 million for the six-month period ended 30 June 2022


Ms. Lubna Sulaiman Olayan, Chair of the Board of Directors of Saudi British Bank, announced that performance in the second quarter of 2022 continued to build upon the achievements of 2021 and the start of 2022. The Bank generated a net income of SAR 2,086 million for the six-month period ended 30 June 2022, compared to a net income of SAR 1,889 million for the same period in 2021, an increase of 10% driven mainly by higher net special commission income. For the three-month period ended 30 June 2022 the Bank generated a net income of SAR 1,082 million, compared to a net income of SAR 919 million for the same period in 2021, an increase of 18%. She also noted that total operating income reached SAR 4,402 million for the six-month period ended on 30 June 2022, representing an increase of 12% over the same period in 2021. Net special commission income of SAR 3,132 million over that same period represented an 8% increase, with fees from banking services of SAR 651 million representing a 13% increase. Additionally, exchange income grew by 34%, reaching SAR 359 million.

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