Samba Financial Group (Samba) is expected to maintain its growth rates in 2019, boosted by potential economic rally, higher oil prices and rising interest rates, Al Arabiya TV reported, citing chief executive officer Rania Nashar.
Nashar attributed the improved financial statements for 2018 to a 7 percent increase in net special commission income, which reflected positively on Return on Assets (RoAs).
Samba has a loan coverage ratio of 175 percent, Nashar said, adding that “the bank has sufficient reserves with no credit exposure.”
The firm reported a 10 percent profit increase year-on-year (YoY) to SAR 5.5 billion in 2018, whereas Q4 2018 net earnings jumped 16 percent YoY to SAR 1.4 billion.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}