However third quarter profits were down 14 per cent on the same period in 2006, reversing a 24 per cent rise in the second quarter. For the three months to 31 September 2007 the bank reported profits of $337m, down from $392m in the same period of 2006.
Total assets held by the bank grew by 24 per cent over last year, to reach SR192bn ($51.4bn) by the end of September.
The bank’s loan book rose by 12.5 per cent to SR86.8bn ($23.2bn) and customer deposits rose by 20 per cent to SR136bn ($36.4bn).
Total shareholder equity rose by almost 15 per cent to SR27bn ($7.2bn).