| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
1,077
|
729
|
47.74
|
848
|
27
|
| Total profit (loss) operation income\ Investments |
2,076
|
1,855
|
11.91
|
1,984
|
4.64
|
| Net profit (loss) special commission income\ Investments |
1,539
|
1,321
|
16.5
|
1,473
|
4.48
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
2,972
|
3,049
|
- |
| Total profit (loss) operation income\ Investments |
6,067
|
5,869
|
3.37 |
| Net profit (loss) special commission income\ Investments |
4,437
|
3,948
|
12.39 |
| Earning or loss per share, Riyals |
0.99
|
1.02
|
- |
| Total Assets |
218,224
|
223,472
|
- |
| Investments |
46,883
|
44,009
|
6.53 |
| Loans and advances portfolio |
142,068
|
152,631
|
- |
| Customer deposit |
156,051
|
160,821
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Net profit increased because of higher total operating income by 11.9% mainly due to increase in net special commission income and fee and commission income, net partially offset by drop in exchange income and gains on non-trading investments, net. Total operating expenses were lower by 11.8%, mainly due to decrease in impairment charge for credit losses and impairment charge for investments. |
| Reasons of increase (decrease) for period compared with same period last year | Net profit decreased because of higher operating expenses by 9.1%, mainly due to increase in impairment charge for credit losses, partially offset by lower impairment charge for investments, while total operating income saw an increase of 3.4%, mainly due to increase in net special commission income partially offset by decrease in other operating income and exchange income . |
| Reason of increase (decrease) for quarter compared with the previous quarter | Net profit increased because of decrease in total operating expenses by 12% as a result of the decrease in impairment charge for credit losses and other general and administrative expenses. While total operating income has increased by 4.6% mainly due to increase in net special commission income and fee and commission income, net partially offset by an decrease in gains on non trading investments. |
| 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 nine month period ended 30 September 2017 was SAR 5,572 million as compared to SAR 5,366 million in corresponding period of last year, an increase of 3.8%. Gross special commission income for the three month period ended 30 September 2017 was SAR 1,913 million as compared to SAR 1,889 million in corresponding quarter of last year, an increase of 1.3%. Total comprehensive income for the nine months period ended 30 September 2017 was SAR 3,305 million as compared to SAR 3,453 million in last year, a decrease of 4.3%. Total comprehensive income for the three months period ended 30 September 2017 was SAR 1,261 million as compared to SAR 901 million in corresponding period of last year, an increase of 40% and compared to SAR 936 million for the three months ended 30, June 2017, an increase of 34.7%. Total shareholders' equity (there are no minority rights) as at 30 September 2017 was SAR 37.7 billion compared to SAR 37.0 billion for same period of last year, an increase of 1.9% |
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