Bank Albilad announces its interim financial results for the period ending on 2019-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total Revenue for Special Commissions/Investments	823	652.5	26.13	769.7	6.924
Net Income for Special Commissions/Investments	670.9	521.4	28.672	597.1	12.359
Total operation Profit (Loss)	959.2	842.7	13.824	921.4	4.102
Net Profit (Loss)	304.9	265.9	14.667	285.1	6.944
Total Comprehensive Income	558.1	230.8	141.811	435.6	28.122
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Revenue for Special Commissions/Investments	1,592.7	1,252.1	27.202
Net Income for Special Commissions/Investments	1,267.9	1,009.6	25.584
Total operation Profit (Loss)	1,880.7	1,633.7	15.119
Net Profit (Loss)	590	512	15.234
Total Comprehensive Income	993.7	441	125.328
Total Share Holders Equity (after deducting minority equity)	8,831	7,713.7	14.484
Assets	76,988.8	68,406.9	12.545
Investments	9,210.9	5,408.2	70.313
Loans and advances portfolio	53,652.5	47,340	13.334
Customer deposits	59,315.4	52,178.9	13.676
Profit (Loss) per Share	0.79	0.69
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year	Net income has increased due to the increase in total operating income by 14%, due to the increase in net income from investment and financing activities. However other operating income, fee and commission income, dividend income, net exchange income and gains of investments have decreased.

Total operating expenses has increased by 9%, due to the increase in depreciation ,staff expenses, other general and administrative expenses and impairment charge for credit and other financial assets. However, rent and premises related expenses has decreased. Reason for increase (decrease) in net profit for current quarter compared to the previous quarter Net income has increased due to the increase in total operating income by 4%, due to the increase in net income from investment and financing activities, dividend income, net exchange income. However, gains of investments, other operating income and net fee and commission income have decreased.

Total operating expenses have increased by 3%, due to increase in Impairment charge for credit and other financial assets, staff expenses, depreciation and other general and administrative expenses. However, rend and premises related expenses has decreased. Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year Net income has increased due to the increase in total operating income by 15%, due to the increase in net income from investment and financing activities and gains of investments. However, other operating income, dividend income, net exchange income and net fee and commission income have decreased.

Total operating expenses has increased by 11% due to the increase in depreciation, staff expenses, other general and administrative expenses and impairment charge for credit and other financial assets. However, rent and premises related expenses has decreased. 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. Additional Information Starting from the quarter ended 30 June 2019, zakat to be accrued at end of each financial reporting period and recognized in consolidated statement of income with a corresponding liability recognized in the consolidated statement of financial position in accordance with International Financial Reporting Standard (IFRS) and other standards and pronouncements endorsed by SOCPA.

Net Income for the three-months period ended in 30 June 2019 before zakat expense is SAR 339 million as compared to SAR 276 million in corresponding quarter of last year, with an increase of 22.9% and compared to SAR 317 million for the three months ended in 31 March 2019, with an increase of 7.0%.

Net Income for the six-months period ended in 30 June 2019 before zakat expense is SAR 656 million as compared to SAR 532 million in corresponding period of last year, with an increase of 23.2%.

Net Income for the three-months period ended in 30 June 2019 after zakat expense is SAR 304.9 million as compared to SAR 265.9 million in corresponding quarter of last year, with an increase of 14.67% and compared to SAR 285.1 million for the three months ended in 31 March 2019, with an increase of 6.94%.

Net Income for the six-months period ended in 30 June 2019 after zakat expense is SAR 590.0 million as compared to SAR 512.0 million in corresponding period of last year, with an increase of 15.2%.

Earnings per share is calculated by dividing the net income after zakat for the period ended 30 June 2019 and 30 June 2018 by the weighted average outstanding number of shares during the period adjusted for treasury shares, which is 746 million shares, to give a retroactive effect of change in the number of shares increased as a result of the bonus shares issued.

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.