JM Hot News - шаблон joomla Окна

For more then 8 years Sarasen Group is working with Riyad Bank using its Riyad Capital brokerage services

Riyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East, with a strong corporate and retail franchise.

Mobilizing its substantial capital base and with decades of expertise to assume a leading role in all areas of Saudi finance, Riyad Bank is a leading financier and arranger of syndicated loans in the oil, petrochemicals and most of the Kingdom’s notable infrastructure projects. On the retail front, Riyad Bank’s individual solutions are designed to meet the needs and requirements of all economic segments.

Riyad Bank is one of the largest financial institutions in Saudi Arabia and the Middle East, with a strong corporate and retail banking franchise. Mobilizing its substantial capital base and with decades of expertise to assume a leading role in all areas of Saudi finance, Riyad Bank is a leading financier and arranger of syndicated loans in the oil, petrochemicals, and most of the Kingdom’s notable infrastructure projects. We offer our customers an accessible and expanded network of more than 300 branches, which includes 81 dedicated ladies branches, and 19 self-service electronic branches. A branch in London and Offices in Houston (USA), and Singapore help us support the international banking needs of our customers.

Our internet banking services (web-based and mobile apps) use the latest electronic technologies to address the banking needs of our customers. The bank has also kept its lead in the ATMs network, as the number of multi-functional ATMs is now more than 2,500 distributed in strategic & carefully selected locations.

Riyad Bank’s investment banking arm, Riyad Capital, is a leading player in the IPO advisory business and asset management in Saudi Arabia, having won numerous investment awards in categories ranging from “best mutual performance” to “best fund manager.”

 

Financial Performance

Riyad Bank achieved SAR 3,198 million net income for the period ended September 30, 2015 compared to SAR 3,292 million for the same period last year, a decrease of 2.9%. Total operating income reached SAR 6,082 million by end of September 2015 compared to SAR 6,017 million for the same period in 2015, an increase of 1.1%.

Financial Strength

Total assets as at end of September 2015 reached SAR 216,975 million compared to SAR 217,069 million for the same period last year, a decrease of 0.04%. Customer deposits are lower by 0.8% to reach SAR 160,413 million by end of September 2015, against SAR 161,641 million for the same period in 2014. Loans and Advances dropped by 1.9% and stood at SAR 138,004 million against SAR 140,701 million by end of September 2014.

Risk Rating

Standard & Poor’s Rating Agency maintained its long-term liability rating for Riyad Bank to an ‘A+’ and ‘A-1’ for short-term liability. It, however, changed its outlook to Negative in February 2015.

The international Fitch Ratings Agency also maintained the ‘A+’ rating for long-term liabilities and ‘F1’ credit ratings awarded for the short-term liabilities. Additionally, the Capital Intelligence Agency also maintained the Bank an ‘AA-’ for long-term liabilities and an ‘A1+’ for short-term liabilities. Both these agencies have affirmed these ratings after confirming a stable outlook for the Bank.