| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
848
|
1,146
|
-
|
1,047
|
-
|
| Total profit (loss) operation income\ Investments |
1,984
|
2,027
|
-
|
1,993
|
-
|
| Net profit (loss) special commission income\ Investments |
1,473
|
1,360
|
8.31
|
1,425
|
3.37
|
| All figures are in Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
1,895
|
2,320
|
- |
| Total profit (loss) operation income\ Investments |
3,977
|
4,014
|
- |
| Net profit (loss) special commission income\ Investments |
2,899
|
2,627
|
10.35 |
| Earning or loss per share, Riyals |
0.63
|
0.77
|
- |
| Total Assets |
218,990
|
227,776
|
- |
| Investments |
43,082
|
42,787
|
0.69 |
| Loans and advances portfolio |
141,181
|
154,667
|
- |
| Customer deposit |
156,980
|
164,043
|
- |
| All figures are in Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Net income decreased because of higher total operating expenses by 28.2%, mainly due to increase in impairment charge for credit losses partially offset by drop in impairment charge for investments. The total operating income saw a decrease of 2.1% mainly due to decrease in fee and commission income, net, exchange income and gains on non-trading investments, net partially offset by increase in net special commission income. |
| Reasons of increase (decrease) for period compared with same period last year | Net income decreased because of higher operating expenses by 22.2%, mainly due to increase in impairment charge for credit losses, partially offset by lower impairment charge for investments, while total operating income saw a decline of 0.9%, mainly due to decrease in other operating income, fee and commission income,net and exchange income offset by an increase in net special commission income and gains on non-trading investments, net. |
| Reason of increase (decrease) for quarter compared with the previous quarter | Net income decreased because of increase in total operating expenses by 20.6% as a result of the increase in impairment charge for credit losses . While total operating income has decreased by about 0.5% mainly due to drop in fee and commission income, net partially offset by an increase in net special commission income. |
| Reclassifications in quarterly financial results | Certain previous year figures has been reclassified in order to conform with current year classifications and some items have been re-classified. |
| Other notes | Total operating income for the same period last year, includes gains on sale of land amounting to SAR 201.1 million. The said land was initially acquired in settlement of certain loans and advances. Gross special commission income for the six month period ended 30 June 2017 was SAR 3,659 million as compared to SAR 3,477 million in corresponding period of last year, an increase of 5.2%. Total comprehensive income for the six months period ended 30 June 2017 was SAR 2,044 million as compared to SAR 2,553 million in last year, a decrease of 19.9%. Total comprehensive income for the three months period ended 30 June 2017 was SAR 936 million as compared to SAR 1,397 million in corresponding period of last year, a decrease of 33%. Total shareholders' equity as at 30 June 2017 was SAR 36.6 billion compared to SAR 37.4 billion for same period of last year, a decrease of 2.1% |
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