أرباح البنك السعودي الفرنسي ترتفع 7% في الربع الأول من 2024

Watch أرباح البنك السعودي الفرنسي ترتفع 7% في الربع الأول من 2024 - CNBCArabia on Dailymotion

Transcript

00:00The French Bank of Saudi Arabia achieved a growth in profits in the first quarter of this year.

00:05If we do not go into the details of the reasons that led to the increase in profits, we will go over them in detail,

00:11and above all, of course, the operational activities of the bank.

00:14The main reason that supported the bank's profitability in the first quarter

00:18was, of course, the reduction of the total operating expenses by more than 6%,

00:24and the increase in total operating expenses was the main reason for the bank's profits to increase by 7%

00:30and reach approximately 1.15 billion Riyals compared to 1.70 billion Riyals in the quarter similar to the previous year.

00:38The bank recorded a growth of 12% in the first quarter to reach 268.3 billion Riyals compared to 240.2 billion Riyals.

00:51As for the deposits and loans, the deposits and loans increased by 4.4%, reaching 174.8 billion Riyals,

01:06while the loans increased by 12.5%, reaching 184.4 billion Riyals.

01:16The main reasons, as we mentioned, that led to the increase in profits

01:20were the reduction of operating expenses and the increase in operating income.