| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
229.4
|
174.5
|
31.46
|
221.5
|
3.57
|
| Total profit (loss) operation income\ Investments |
694.5
|
627
|
10.77
|
683.1
|
1.67
|
| Net profit (loss) special commission income\ Investments |
392.4
|
333.8
|
17.56
|
364.8
|
7.57
|
| Earning or loss per share, Riyals |
0.38
|
0.29
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Total Assets |
57,290
|
54,298
|
5.51 |
| Investments |
3,744
|
3,002
|
24.72 |
| Loans and advances portfolio |
38,702
|
37,331
|
3.67 |
| Customer deposit |
43,542
|
43,928
|
- |
| 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 by 10.8%, which has resulted due to the increase in the income from investment and financing activities net, other operating income and gains on non-trading investments. However, fee and commission , dividend income and net exchange income have decreased. Total operating expenses have increased by 3.4% due to the increases in staff expenses , depreciation and other general and administrative expenses. However impairment on investments and financing assets and rent and premises related expenses have decreased. |
| Reason of increase (decrease) for quarter compared with the previous quarter | Net income has increased due to the increase in total operating income by 1.7%, which has resulted due to the increase in the income from investment and financing activities net , fee and commission , dividend income and Gains on non-trading investments . However , net exchange income and other operating income have decreased. Total operating expenses have increased by 1.6% due to increase in staff expenses, rent and premises related expenses , depreciation and the impairment financing assets. However , other general and administrative expenses and impairment on investments have decreased. |
| Reclassifications in quarterly financial results | Some items have been re-classified |
| Other notes | Gross Income from investing and financing assets for the three month period ended 31 March 2017 is SAR 483 million as compared to SAR 396 million in corresponding quarter of last year, an increase of 21.8% Total shareholders' equity ( Excluding minority rights) as at 31 March 2017 is SAR 7.3 billion compared to SAR 6.5 billion for same period of last year, an increase of 12% EPS adjusted to conform with bonus shares issuance, increasing the bank capital from SR 5 Billion to SR 6 Billion in the ratio of one share for every five shares, as approved in the Extra Ordinary General Assembly meeting held on April 11 2016. |
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