Bank AlJazira full year net profit down 12.14 per cent

Bank AlJazira reported Q4 net profit of SAR 199 million, up 32.67 per cent compared to one year ago and up 323.4 per cent on the previous quarter. However, the bank’s full year net profit was down 12.14 per cent at SAR 572 million. Total assets rose 10.97 per cent to SAR 66,554 million but investments were down 10.02 per cent at SAR 11,335 million. Loans and advances were up 17.86 per cent at SAR 41,245 million and customer deposits rose 13.49 per cent at SAR 54,569 million. Moreover, Bank Aljazira’s Extraordinary General Assembly approved the increase of the bank's capital from SAR 3,000 million to SAR 4,000 million, an increase of 33.33%.