| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
174.5
|
174.1
|
0.23
|
204.4
|
-
|
| Total profit (loss) operation income\ Investments |
627
|
555.2
|
12.93
|
588.1
|
6.61
|
| Net profit (loss) special commission income\ Investments |
333.8
|
271.9
|
22.77
|
310.2
|
7.61
|
| Earning or loss per share, Riyals |
0.35
|
0.35
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Total Assets |
54,364
|
46,313
|
17.38 |
| Investments |
3,002
|
1,906
|
57.5 |
| Loans and advances portfolio |
37,331
|
29,090
|
28.33 |
| Customer deposit |
43,928
|
37,856
|
16.04 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Net Income has increased due to the increase in total operating income of 12.9% which is due to the increase in net income from investment and financing in addition to the increase in net fee and commission. While there is an increase in total operating expenses of 18.7% that resulted from the increase in provisions / impairment for financing and investments assets. Whereas there is a decrease in the salaries and employee related expenses. |
| Reason of increase (decrease) for quarter compared with the previous quarter | Net income has decreased due to the increase in the total operating expenses of 17.9% resulted from the increase in provisions / impairment for financing and investments assets, while there is a decrease in salaries and employee related expenses. The total operating income has increased by 6.6% due to the increase in net income from investment and financing in addition to the increase in net fee and commission. |
| Other notes | EPS adjusted to conform with bonus shares issuance, increasing the bank capital from SR 4 Billion to SR 5 Billion in the ratio of one share for every four shares, as approved in the Extra Ordinary General Assembly meeting held on April 14, 2015 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.