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Thanks to Riyad Bank for
being among the sponsors of the SUSRIS Web site |
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Riyad Bank |
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ABOUT RIYAD
BANK
Riyad Bank is one of the largest and most well respected
financial institutions in Saudi Arabia, with a strong and
growing corporate and retail banking franchise in both Shariaa
compliant and conventional banking.
Operational
performance
The Bank is an acknowledged leader in the area of corporate
banking & finance for the Oil, Gas, Petrochemical and Power and
Water sectors. It�s substantial capital base and expertise
continues to enable it to play a primary role in arranging and
participating in a number of syndicated loans. Thus facilitating
inward investment, which in turn helps support national
initiatives that promote economic diversification and growth.
Confidence in our expertise, in this field, is evidenced through
the fact that the Bank was recently appointed co-financial
advisor, primary underwriter and financing lead arranger for the
Shoaiba III, a project for the supply of power and water, worth
SR 9.4 billion. |
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We will be the leading
Saudi Bank, first in quality, first in value, first in caring
for our customer and responding to their needs by continuously
improving our services while enhancing our Shareholder's value. |
Additionally, our
unique understanding of the Saudi economy and industry help us to
continually deliver a range of comprehensive financial services - even
as far as our offices in London, Houston and Singapore, thus supporting
the international banking needs of our clients.
For the sake of greater customer convenience, our full service approach
is delivered through an accessible network of 195 branches and 687
multi-function Automated Teller Machines and a continually enhanced
telephone, Internet and mobile banking service.
Financial Performance
Riyad Bank�s continuing focus on customer needs has resulted in
improving financial results year-on-year. Net income for the year ended
31/12/2005 rose to SR 2,837 million, compared to SR 2,006 million in
2004. This increase of approximately 41.50% evidences solid and steady
growth in profits and returns to shareholders. Consequently, the Return
on Equity grew from 20.37% to 23.34% and Return on Assets from 2.79% to
3.29%, from 2004 to 2005.
Financial Strength
Total assets as at end December 2005 reached SR 80.1 billion and
shareholder�s equity reached SR 10.9 billion. Customer deposits have
continued to rise to SR 52.9 billion and loans have grown to SR 45.6
billion.
Riyad Bank was awarded �A� and �A-1� credit ratings for its long and
short term liabilities respectively, by Standard & Poor�s. These ratings
reflect Riyad Bank�s strong and robust financial position and ranking in
the Kingdom�s banking market and position the bank well for continuing
development.
This award follows the �A� and �F1� credit ratings awarded to Riyad
Bank�s long and short term liabilities respectively, by Fitch, another
prominent international credit rating agency.
Source:
Riyad Bank Web Site
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