"The National Commercial Bank (NCB) announced Tuesday that its net income for the first half of 2013 reached SR4,324 million compared to SR3,562 million for the same period of the previous year, an increase of 21.4 percent. Net income for the second quarter amounted to SR1,992 million, which compares to SR1,608 million for the same quarter of the previous year, an increase of 23.9 percent.
Mansour Al-Maiman, NCB’s Chairman, said the bank’s growth and diversity of its financing and investment products has contributed to an increase in net special commission income by 12.6 percent and an increase of 3.6 percent in fee income from banking services, compared to the same period of the previous year.
He added that the bank’s total assets grew to reach SR363 billion compared to SR320 billion at the end of the same period of the previous year, an increase of 13.2 percent. Total shareholders’ equity reached SR41.6 billion compared to SR36.8 billion at end of the same period of the previous year, an increase of 13 percent. Earnings per share reached SR2.9 compared to SR2.4 at the end of the same period of the previous year."
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