Banque Saudi Fransi reported earnings results for the fourth quarter and full year ended December 31, 2012. The company reported fourth quarter net income for 2012 amounted to SAR 808 million, an increase of 22.2% compared to SAR 661 million for the same period in 2011, an increase of 22.1% compared to SAR 662 million for third quarter of 2012. Total Operating Income was SAR 1.29 billion, an increase of 16.1% compared to SAR 1.1 billion a year ago.

The company reported net income during twelve months of 2012 amounted to SAR 3.012 billion, an increase of 3.6% compared to SAR 2.91 billion for the same period last year. Total operating income was SAR 5,010 million, an increase of 9.3% compared to SAR 4.59 billion for the same period last year. The earnings per share were SAR 3.34 compared to SAR 3.22 for the same period last year. The reason for the increase in the net income for the twelve months ended December 31, 2012 and during fourth quarter of 2012 compared to the same period last year and third quarter of 2012 is due to an increase in total operating income.