| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
390
|
386
|
1.04
|
312
|
25
|
| Total profit (loss) operation income\ Investments |
945
|
780
|
21.15
|
829
|
13.99
|
| Net profit (loss) special commission income\ Investments |
694
|
571
|
21.54
|
665
|
4.36
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
1,502
|
1,470
|
2.18 |
| Total profit (loss) operation income\ Investments |
3,328
|
3,063
|
8.65 |
| Net profit (loss) special commission income\ Investments |
2,551
|
2,279
|
11.94 |
| Earning or loss per share, Riyals |
1.01
|
0.99
|
- |
| Total Assets |
104,730
|
88,725
|
18.04 |
| Investments |
6,157
|
6,473
|
- |
| Loans and advances portfolio |
70,312
|
57,006
|
23.34 |
| Customer deposit |
80,612
|
65,695
|
22.71 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Net income increased due to the increase of total operating income by 21%, mainly due to the increase in income from Financing and investments in addition to gain from investments, exchange income and dividends income. On the other hand, the total operating expenses increased by 42% mainly due to increase in provisions for impairment of Financing & Investments , Salaries Expenses and General and Administrative Expenses. |
| Reasons of increase (decrease) for period compared with same period last year | Net income increased due to the increase of total operating income by 9%, mainly due to the increase of income from Financing and investments in addition to exchange income, while the gain from available for sale investments decreased. On the other hand, the total operating expenses increased by 15% due to increase in General and Administrative, Salaries, Rent and premises related expenses. |
| Reason of increase (decrease) for quarter compared with the previous quarter | Net income increased due to the increase of total operating income by 14%, mainly due to the increase of income from Financing and investments in addition to increase in equity investments, Fees and exchange income. On the other hand, the total operating expenses increased by 8% mainly due to increase in Provisions for impairment of Financing, Salaries expenses, Administrative expenses, Rent and premises related expenses, while the provision for impairment of Investments decreased. |
| Reclassifications in quarterly financial results | The previous period numbers have been reclassfied to conform current year presentation. |
| Other notes | Gross financing and investment income for the twelve month period ended 31 December 2016 was SAR 3,385 million as compared to SAR 2,547 million in last year, an increase of 33%. Gross financing and investment income for the three month period ended 31 December 2016 was SAR 992 million as compared to SAR 659 million in corresponding period of last year, an increase of 51%.Total shareholders' equity (there are no minority rights) as at 31 December 2016 was SAR 19.2 billion compared to SAR 18.4 billion for same period of last year, an increase of 4%.For calculation of earnings per share, 10 million treasury shares have been excluded. |
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