Al Rajhi Bank reported a 20.9% increase in net profit to 8.4 billion SAR in the first half of 2022 compared to 6.9 billion SAR in the same period in 2021.
Earnings per share (EPS) were SAR 2.08 in H1-22, compared with SAR 1.74 in H1-21, according to the interim financials on Sunday.
Meanwhile, clients’ deposits during the six-month period ended in June 2022 hiked by 23.6% year-on-year (YoY) to SAR 552.96 billion, while assets jumped by 29.96% YoY in H1-22 to reach SAR 709.8 billion.
During the second quarter (Q2) of the year, the Saudi lender logged net profits worth SAR 4.3 billion, up 18.11% from SAR 3.6 billion in Q2-21.
It is worth nothing that AI Rajhi Bank Reported a net profit of 4.13 billion SAR in the first quarter of 2022 , YoY 23.95% rise from SAR 3.33 billion.
