Bank Albilad announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total income from Special Commissions/Financing & Investments	1,040.7	911.7	14.149	975.4	6.694
Net Income from Special Commissions/Financing & Investments	944.5	858.8	9.979	901.4	4.781
Total Operation Profit (Loss)	1,264.5	1,133	11.606	1,146.8	10.263
Net Profit (Loss) before Zakat and Income Tax	546.6	437.9	24.823	477.1	14.567
Net Profit (Loss)	490.3	392.8	24.821	428	14.556
Total Comprehensive Income	342.9	95.1	260.567	110.3	210.879
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	12,325.4	10,838.1	13.722
Assets	116,442	102,519.7	13.58
Investments	17,975.1	15,881	13.186
Loans and Advances Portfolio (Financing & Investment)	86,390.8	75,531.4	14.377
Clients' deposits	86,078.5	76,963.1	11.843
Profit (Loss) per Share	0.66	0.53
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net income has increased due to the increase in total operating income by 12%, due to the increase in net income from investment and financing activities, ,Gains / (losses) on FVIS Financial instruments, net, exchange income, net, other operating income and dividend income . However, fee and commission income has decreased.

Total operating expenses has increased by 3%, due to the increase in other general and administrative expenses, salaries and employee related benefits and depreciation & amortization. However, Impairment charge for expected credit losses, net has decreased.The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is Net income has increased due to the increase in total operating income by 10%, due to the increase in Gains / (losses) on FVIS Financial instruments, net, net income from investment and financing activities, fee and commission income and exchange income. However, other operating income and dividend income have decreased.

Total operating expenses has increased by 7%, due to the increase in Impairment charge for expected credit losses, other general and administrative expenses, salaries and employee related benefits . However, depreciation & amortization has decreased.Statement of the type of external auditor's report Unmodified ConclusionModification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion NoneReclassification of Comparison Items NoneAdditional Information Impairment charge for expected credit losses, net for the three months period ended 31 March 2022 is SAR 160 million, as compared to SAR 170 million in corresponding period of last year with a decrease by 6%.

Net impairment charge for expected credit losses for the three months period ended 31 March 2022 is SAR 160 million, as compared to SAR 121 million in the previous quarter ended 31 December 2021 with an increase by 31%.

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