Money and business
The profits of the first Saudi Bank rise to 8 billion riyals in 2024
The profits of the first Saudi Bank in 2024 increased by 15.3% to 8 billion riyals, compared to 7 billion riyals in the year 2023.
According to the company’s statement on the circulation of Saudi Arabia, the net profit increased, as a result of the total increase in operations. This was partly met with an increase in the total operations expenses and tax fees.
The reason for the total increase in operations is mainly due to the high net income of private commissions, the net fees and commissions income, currency exchange income and income from the financial tools listed at the fair value through the income list.
The total operations expenses increased mainly as a result of the high salaries and employee expenses.
According to the company’s statement on the circulation of Saudi Arabia, the net profit increased, as a result of the total increase in operations. This was partly met with an increase in the total operations expenses and tax fees.
The reason for the total increase in operations is mainly due to the high net income of private commissions, the net fees and commissions income, currency exchange income and income from the financial tools listed at the fair value through the income list.
The total operations expenses increased mainly as a result of the high salaries and employee expenses.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
Follow Us
