Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Banque Saudi Fransi net profit up 25%  Join our daily free Newsletter

MENAFN - Arab News - 08/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Banque saudi fransi achieved a net profit for the first quarter of the year 2014 in the amount of sr856 million compared to sr684 million for the same period of the previous year an increase of 25.15 percent and an increase of 212.41 percent over the last quarter of 2013 which amounted to sr274 million

The total profit from operations amounted to sr1401 million.

Net special commission income is sr897 million as assets amounted to 184276 million driven by the rise in the portfolio of loans and advances which amounted to 114835 million up 8.52 percent from what was achieved in the same period of the previous year.

The customer deposits amounted to 137906 million up by 15.63 percent from the same period of the previous year. as a result earnings per share during the first quarter of 2014 amounted to 0.95 compared to 0.76 achieved in the same period of the previous year

The reason for the rise in the results of the first quarter 2014 are the increase in total operating income the recovery as expected after clean-up exercise conducted over the last quarter of 2013 as the cost of risk normalized in line with prudent risk policy revenues generation (16.3 percent vs 1q13 and 9.4 percent vs 9.4 percent) supported by improved margins and good contribution from different business lines and overall strong quarterly results which are supporting the launch of bsf medium term plan 2014-2016 'bank of excellence.

Commenting on the results saleh al-omair chairman of the board of directors expressed satisfaction with the positive results achieved by the bank noting the ability of the bank to improve its performance and to raise the confidence of its clients and to respond to the ongoing needs.

Patrice couvegnes managing director is pleased of these results and thanked the bank employees for their commitment and urged them to continue to work hard to achieve the objectives of the banque of excellence also thanked the bank's customers for their trust and loyalty.


 






  MENA News Headlines
 Aug 20 2014 - Dining Offers at Park Regis Kris Kin Hotel DubaiMENAFN Press
(MENAFN Press) With the weather shifting to a cooler temperatures, Park Regis Kris Kin Dubai has lined up a series of offers and promotions to entice you with. Whether you crave Pan Asian delights, ...

 Aug 20 2014 - Saudi- Red Sea Housing net profit rises 23.13 to SR40.78m in Q2Arab News
(MENAFN - Arab News) Red Sea Housing Services Co. (RSH) has posted outstanding performance for the first half of 2014 revealing operating income of SR41.59 million a growth of 17.69 percent compared ...

 Aug 20 2014 - Saudi- Shelter for minors reduces beggaryArab News
(MENAFN - Arab News) Child beggary on the streets of Jeddah has decreased by more than 50 percent thanks to the opening of a juvenile shelter in association with Al-Birr Charitable Society said Hani ...

 Aug 20 2014 - Saudi Aramco's iThra program attracts thousands of visitorsArab News
(MENAFN - Arab News) Saudi Aramco's iThra Knowledge Program has attracted 300000 visitors during the first two weeks of the event. The program which is being held at the city's International ...

 Aug 20 2014 - Saudi- New office to oversee Haj-related activitiesArab News
(MENAFN - Arab News) The Haj Ministry has approved a new management office aimed at monitoring Haj-related programs and arrangements more effectively.The 'strategic initiative management office' ...

 Aug 20 2014 - Saudi- SFDA warns against contaminated chocolate drinksArab News
(MENAFN - Arab News) Before consuming any of the chocolate drinks produced by Milchwerke Mittelelbe GMBH and listed below check the expiry date first. If the product is packed in plastic containers ...

 Aug 20 2014 - Saudi- JCCI bridges gap between courts and businessmenArab News
(MENAFN - Arab News) A delegation from Jeddah Chamber of Commerce and Industry (JCCI) visited the headquarters of General Court in Jeddah.The delegation consisting of Vice Chairman of JCCI Ziyad bin ...

 Aug 20 2014 - Saudi- Holmstrom named as new US CG in JeddahArab News
(MENAFN - Arab News) New US Consul-General Todd Holmstrom arrived in Jeddah on Aug. 6 to assume his post.Prior to his appointment Holmstrom served as deputy chief of mission in N'Djamena Chad from ...

 Aug 20 2014 - Saudi- KACST scientist wins US physics awardArab News
(MENAFN - Arab News) Dr. Ibtesam Saeed Badhrees a leading woman research scientist in experimental particle physics at the National Center for Nanotechnology King Abdulaziz City for Science and ...

 Aug 20 2014 - Saudia staff urged to improve servicesArab News
(MENAFN - Arab News) A leading Saudi Arabian Airlines official has urged Saudia executives and field workers at King Abdulaziz International Airport (KAIA) as well as other employees in maintenance ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help