Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Our Strategy
Financials
Overview
Quarterly Reports 2010
Annual Report 2009
Annual Report 2008
Annual Report 2007
Annual Report 2006
Annual Report 2005
Annual Report 2004
Annual Report 2003
Annual Report 2001
Previous Quarter Results
Pillar Disclosures
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Investor Relations
Financial News
FinancialNews
15-02-23
Arab National Bank’s net revenue surges 41 percent to reach USD820M last year
(MENAFN) Arab National Bank, one of the leading lenders in Saudi Arabia, registered a 41 percent rise in net income to reach SR3.07 billion (USD820 million) for last year– increasing from SR2.17 billion in 2021.
“This increase is mainly due to an increase in net special commission income, net exchange income, dividend income, net fees and commission income, net other operating income, net trading income and a decrease in the net impairment charge for expected credit losses,” the firm stated in an announcement to Saudi Stock Exchange.
It additionally mentioned that the net revenue was, however, disturbed by a rise in additional general and governmental expenses, salaries as well as employee-related costs.
The additional aspects that effected its net revenue involve depreciation and amortization, rent as well as premises-associated expenses. The bank also asserted that it registered declines in net earnings on the sale of funds in non-exchange instruments as well as net gains on economic instruments hosted at fair value via announcement of profit.
MENAFN15022023000045014228ID1105575986
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us