{"id":90915,"date":"2024-10-27T00:00:00","date_gmt":"2024-10-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/27\/more-bank-results-roll-in\/"},"modified":"2024-10-27T00:00:00","modified_gmt":"2024-10-27T00:00:00","slug":"more-bank-results-roll-in","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/27\/more-bank-results-roll-in\/","title":{"rendered":"More bank results roll in"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALINMA BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Alinma Bank\u2019s net income was up 18.7% y-o-y at SAR 1.57 bn in 3Q 2024<\/strong> on the back of higher gains from financing and investments, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=83115&anCat=1&cs=1150&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The lender\u2019s total income from financing grew 18.9% y-o-y to SAR 3.7 bn, while total income from investment jumped 20.9% to SAR 529.6 mn over the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a 9M basis: <\/strong>Alinma\u2019s bottomline grew 22.3% y-o-y to SAR 4.3 bn during the first nine months of the year. Its total income from financing was up 26.5% y-o-y to SAR 10.5 bn, while total income from investment was up 23.6% to SAR 1.46 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SAUDI INVESTMENT BANK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Investment Bank\u2019s (Saib) net income was up 12.2% y-o-y at SAR 517.8 mn in 3Q<\/strong><strong> 2024<\/strong> on the back of gains to total operating income and declines in provisions for credit and other losses, the bank said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=83109&anCat=1&cs=1030&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The lender\u2019s total income from financing grew 20.3% during the period at SAR 1.77 bn, while total income from investment increased 8.9% at SAR 550.1 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a 9M basis:<\/strong> Saib\u2019s bottomline grew 10.1% y-o-y at SAR 1.45 bn during the first nine months of the year, with the increase driven by gains to operating income as well as decreases to some categories of expenses. Meanwhile, total income from financing was up 24.9% at SAR 5 bn, and total income from investment was up 11.5% at SAR 1.55 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Both banks also saw better 9M performance y-o-y<\/p>\n","protected":false},"author":1,"featured_media":90916,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[72,285,10,1916],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-alinma-bank","tag-earnings-watch","tag-enterpriseam-ksa","tag-saudi-investment-bank-saib","wpautop","entry"],"acf":{"mongo_id":"6318ddad-ec95-482a-8ade-ce76998640f2","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2276.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Alinma and Saib report growing bottom lines in 3Q 2024,","related_issue":[90904],"teaser":"Both banks also saw better 9M performance y-o-y","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.df586031-aa98-40b3-8ddd-eff34ab64a31.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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