| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
851
|
1,060
|
-
|
899
|
-
|
| Total profit (loss) operation income\ Investments |
1,907
|
1,995
|
-
|
1,863
|
2.36
|
| Net profit (loss) special commission income\ Investments |
1,345
|
1,328
|
1.28
|
1,262
|
6.58
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
4,049
|
4,352
|
- |
| Total profit (loss) operation income\ Investments |
7,989
|
8,012
|
- |
| Net profit (loss) special commission income\ Investments |
5,183
|
5,130
|
1.03 |
| Earning or loss per share, Riyals |
1.35
|
1.45
|
- |
| Total Assets |
223,316
|
214,589
|
4.07 |
| Investments |
44,552
|
46,963
|
- |
| Loans and advances portfolio |
144,674
|
133,490
|
8.38 |
| Customer deposit |
167,090
|
164,079
|
1.83 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Net income decreased due to lower total operating income by about 4.4%, it is mainly due to the decline in other operating income, lower gains from for non-trading investments, and lower fee and commission income, offset by an increase in total operating expenses by about 12.5%, that is due mainly to the increase in other operating expenses, rent and premises expenses, salaries and staff related expenses, provision for credit losses, and provision for investments. |
| Reasons of increase (decrease) for period compared with same period last year | Net income decreased due to the increase in total operating expenses by about 7.4%, concentrated mainly in the increase in salaries and staff related expenses, and the increase in the provision for credit losses, and other operating expenses, provision for investments, offset by a decrease in other general and administrative expenses. Also, total operating income decreased by about 0.3% due to lower fee and commission income, gains from non-trading investments, offset by an increase in other operating income, currency exchange income, and an increase in trading gains. |
| Reason of increase (decrease) for quarter compared with the previous quarter | Net income decreased due to the increase in total operating expenses by about 8.6% as a result of the increase in other general and administrative expenses, salaries and staff related expenses, and other operating expenses, offset by the decrease in the provision for credit losses. Offset by increase in total operating income by about 2.4% due to the increase in net special commission income driven by the growth in the volume of loans, fee and commission income, were offset by a decline in net gains from non-trading investment, and dividend income. |
| Other notes | Certain previous year figures has been reclassified in order to conform with current year classifications. |
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