| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Revenue for Special Commissions/Investments | 1,307 | 1,113 | 17.43 | 1,305 | 0.153 |
| Net Income for Special Commissions/Investments | 993 | 896 | 10.825 | 972 | 2.16 |
| Total operation Profit (Loss) | 1,290 | 1,110 | 16.216 | 1,292 | -0.154 |
| Net Profit (Loss) | 709 | 582 | 21.821 | 661 | 7.261 |
| Total Comprehensive Income | 728 | 572 | 27.272 | 700 | 4 |
| 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) | 20,459 | 20,179 | 1.387 |
| Assets | 121,794 | 113,945 | 6.888 |
| Investments | 20,728 | 15,941 | 30.029 |
| Loans and advances portfolio | 85,877 | 79,013 | 8.687 |
| Customer deposits | 92,261 | 89,340 | 3.269 |
| Profit (Loss) per Share | 0.48 | 0.39 | |
| 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 increased due to the increase of total operating income by 16%, mainly due to the increase in net income from financing and investments in addition to increase in fee from banking services and income from FVIS Financial Instruments. |
On the other hand, the total operating expenses increased by 9% mainly due to increase in employee costs, depreciation and general expenses.
On the other hand, the total operating expenses decreased by 8% due to the lower provision for impairments and general expenses.
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