| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
391
|
344
|
13.66
|
386
|
1.3
|
| Total profit (loss) operation income\ Investments |
734
|
730
|
0.55
|
780
|
-
|
| Net profit (loss) special commission income\ Investments |
589
|
550
|
7.09
|
571
|
3.15
|
| Earning or loss per share, Riyals |
0.26
|
0.23
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Total Assets |
91,611
|
83,685
|
9.47 |
| Investments |
6,405
|
9,509
|
- |
| Loans and advances portfolio |
60,250
|
55,523
|
8.51 |
| Customer deposit |
68,785
|
61,689
|
11.5 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The increase in net income was due to decrease in total operating expenses by 11%, mainly on account of decrease in provision for credit losses, and increase in net income from investment and financing activities. On the other hand, the gains from available for sale investments decreased. |
| Reason of increase (decrease) for quarter compared with the previous quarter | The increase in net income was due to the decrease in total operating expenses by 12.4%, mainly on account of decrease in provision for credit losses, and the increase in net income from investment and financing activities. On the other hand, the gains from available for sale investments and fee from banking services decreased. |
| Reclassifications in quarterly financial results | The previous period numbers have been reclassified to conform current year presentation. |
| Other notes | For calculation of earning per share, 10 million treasury shares have been excluded . |
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.