Al Rajhi Bank reported earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net profit of SAR 2.047 billion compared to SAR 1.95 billion a year ago. The bank extended its run of rising profits to five quarters in a row, despite the impact of austerity measures by the government aimed at trimming the kingdom’s budget deficit to adjust to lower oil revenues. Earnings per share were SAR 5, up from SAR 4.39. For the full year, the company's profits have increased to SAR 8.126 billion from SAR 7.13 billion a year ago.