1010 · 22/04/2019 15:12:15 · Announcement #54489 · View on Saudi Exchange

Riyad Bank announces its interim financial results for the period ended on 2019-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Total Revenue for Special Commissions/Investments 2,4311,86830.1392,2806.622
Net Income for Special Commissions/Investments 1,8091,52318.7781,7582.901
Total operation Profit (Loss) 2,5802,13021.1262,3848.221
Net Profit (Loss) 1,6451,13744.6781,35221.671
Total Comprehensive Income 2,2311,031116.391987126.038
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after deducting minority equity) 37,64536,1694.08
Assets 239,517213,67012.096
Investments 49,29446,7145.522
Loans and advances portfolio 158,242141,22212.051
Customer deposits 173,491151,92114.198
Profit (Loss) per Share 0.550.38
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year Net profit were higher because of increase in total operating income by 21.1%, mainly driven by higher net special commission income and fee and commission income, net. The total operating expenses was higher by 4.7 %.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter Net profit increased because of higher total operating income by 8.2% mainly due to increase in net special commission income and fee and commission income, net, trading gains, net and disposal gains on the non-trading portfolio. The increase in total operating expenses was marginal.
Type of the external auditor's opinion Unmodified opinion
External auditor's report containing reservation None
Reclassifications in quarter financial result Some items have been re-classified.

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