Saudi Awwal Bank records SR4 . 1 billion net profit after zakat and income tax for 1H24 , marking a 23 % increase from 1H23

Saudi Arabia s largest bank has reported a third quarter of strong financial performance in the first half of 2024, according to the latest results released by the country’s state-run agency, Euromoney, in which the Bank of Saudi Aramco has been named the Best Digital Bank for Sustainable Finance (H1 2028) for the UK. But Про Nigerian Financial Conduct Authority ( SAB) has said it is delighted to report another year-on-year increase in its corporate and retail sectors, as it continues to deliver sustainable growth, with revenues rising by 15% and net loans and advances of more than 7%. The bank says it has made significant progress on its digital transformation strategy, and is marking further improvements in trade finance and sustainability targets, but has seen strong progress in digital banking, digital and social services and digital services across the Middle East - including savings and investment rates reaching higher than previously expected. These are the results of its H1 and H2 annual results, showing strong economic performance, thanks to efforts to revive the business of the bank in an attempt to boost confidence in trading and consumer spending and boost its business following the launch of an innovative scheme to improve their ability to provide value to its customers and business leaders, after being crowned the best digital bank for business in this year, despite having continued to develop cutting-edge digital solutions that encouraged businesses to invest more.

Source: saudigazette.com.sa
Published on 2024-08-05