| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
1,137
|
1,047
|
8.6
|
974
|
16.74
|
| Total profit (loss) operation income\ Investments |
2,130
|
2,007
|
6.13
|
2,058
|
3.5
|
| Net profit (loss) special commission income\ Investments |
1,521
|
1,425
|
6.74
|
1,498
|
1.54
|
| Earning or loss per share, Riyals |
0.38
|
0.35
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Total Assets |
213,670
|
216,323
|
- |
| Investments |
46,714
|
43,318
|
7.84 |
| Loans and advances portfolio |
141,222
|
140,915
|
0.22 |
| Customer deposit |
151,921
|
154,188
|
- |
| 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 increase in total operating income by 6.1% mainly due to increase in net special commission income, trading gains,net and fee and commission income, net, offset by decrease in gains on fair value through other comprehensive income debt(2017: available for sale) investments,net, on other side. The total operating expenses were higher by 4.8%, mainly due to increase in impairment charge for investments and other general and administrative expenses, partially offset by decrease in impairment charge for other financial assets and impairment charge for credit losses. |
| Reason of increase (decrease) for quarter compared with the previous quarter | Net profit increased because of lower total operating expenses which were lower by 8%, mainly due to decrease in impairment charge for credit losses, impairment charge for other financial assets partially offset by increase in impairment charge for investments and salaries and employee-related expenses. The total operating income was higher by 3.5%, mainly due to increase in net fee and commission income,net special commission income and trading gains, net offset by decrease in gains on fair value through other comprehensive income debt(2017: available for sale) investments,net. |
| 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 | Gross special commission income for the period ended 31 March 2018 was SAR 1,868 million as compared to SAR 1,838 million during corresponding period of last year, an increase of 1.6%. Total comprehensive income for the three months period ended 31 March 2018 was SAR 1,031 million as compared to SAR 1,108 million in corresponding period of last year, a decrease of 6.9% and compared to SAR 795 million for the three months ended 31 December 2017, an increase of 29.7%. Total shareholders' equity (there are no minority rights) as at 31 March 2018 was SAR 36.2 billion compared to SAR 37 billion for last year, a decrease of 2.2%. |
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