The group's prudent cost control policy and strong revenue generating capability allowed it to maintain an efficiency ratio (cost to income ratio) of 21.5 percent, which is considered one of the best ratios among financial institutions in the region.
Total assets increased by 7.9 percent from
This was the result of a strong growth rate of 10.1 percent in loans and advances to reach QR326 billion (
The group was able to maintain the ratio of non-performing loans to gross loans at 1.6 percent, a level considered one of the lowest amongst banks in the
The group's conservative policy in regard to provisioning continued with the coverage ratio reaching 123 percent in
At the same time
Total equity increased by 10.4 percent from
The Group started implementing updated QCB and Basel III requirements for the calculation of the Capital Adequacy Ratio (CAR) from early 2014.
The ratio stood at 15.9 percent as at
As a result of the group's high credit ratings and outstanding asset quality, it was selected as one of the world's 50 safest financial institutions by Global Finance.
Based on the group's continuous strong performance and the expanding international presence, the group improved its ranking as the most valuable brand in the MENA region, with a world ranking of 101 (brand value:
The total number of staff is more than 13,900 operating from over 600 locations and with an ATM network of more than 1,270 machines.
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