News Detail - anb
anb announced Net Profit of SAR 2,054 million for the six months ended June 30, 2023
arab national bank (anb) reported a net profit of SAR 2,054 million for the six months ended June 30, 2023, compared to SAR 1,358 million for the same period last year, an increase of 51.2%.
Total operating income for the six months was SAR 4,268 million compared to SAR 3,128 million for the same period last year, an increase of 36.4%. Total assets as of June 30, 2023 amounted to SAR 216 billion, investments SAR 45.6 billion and the loans and advances SAR 148.8 billion. Customers’ deposits totaled SAR 158.4 billion.
Engineer Salah R. Al-Rashed, Chairman of the Board, stated: “the bank sustained its strong financial performance during the first half of this year, as a result of its strategic approach in continuing to enrich customer experience, enhancing the effectiveness of its operations, accelerating momentum in digital transformation and investing in human resources”