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Al Rajhi Bank announces the interim financial results for the period ending on 30-06-2017 (Six Months)

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Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) 2,182 2,052 6.34 2,221 -1.76
Total profit (loss) operation income Investments 3,877 3,924 -1.2 3,853 0.62
Net profit (loss) special commission income Investments 2,954 2,781 6.22 2,886 2.36
All figures are in (Millions) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss) 4,403 4,069 8.21
Total profit (loss) operation income Investments 7,730 7,651 1.03
Net profit (loss) special commission income Investments 5,840 5,387 8.41
Earning or loss per share, Riyals 2.71 2.5 -
Total Assets 345,597 331,381 4.29
Investments 31,578 35,922 -12.09
Loans and advances portfolio 232,797 224,523 3.69
Customer deposit 285,390 272,650 4.67
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 an increase net special commission income by 6.3%, in addition to an increase in other operation income by 41.3%. In opposite , the total operating expense decreased by 9.4% due to decrease in impairment charge for financing. Also, decrease in salaries expenses.
Reasons of increase (decrease) for period compared with same period last year Net income increased due to an increase in total operating income. This increase was mainly driven by higher net special commission income by 8.4%.Also, an increase in other operation income by 72.5%. In opposite, there is a decrease in total operating expense by 7.1% due to the decrease in impairment charge for financing by 28.8%
Reason of increase (decrease) for quarter compared with the previous quarter Net income decreased by 1.8% due to the increase in General and other administrative expenses by 11.1%. In addition, there was an increased in impairment charge for financing by 8.8%. In opposite, total operating income increased by 0.62%. The increase was mainly driven by increasing in special commission income and net exchange income.
Reclassifications in quarterly financial results Some items have been re-classified
Other notes Total special commission income for the three month period ended 30 June 2017 was SAR 3,097million compared to SAR 2,891million in corresponding quarter of last year, with an increase of 7.1%.
Total special commission income for the six month period ended 30 June 2017 was SAR 6,121 million compared to SAR 5,591 million in corresponding period of last year, with an increase of 9.5%.
Total comprehensive income for the six months period ended 30 June 2017 was SAR 4,348 million as compared to SAR 4,112 million in last year, an increase of 5.7%. Total comprehensive income for the three months period ended 30 June 2017 was SAR 2,206 million as compared to SAR 2,122 million in corresponding period of last year, an increase of 4.0%. And as compared to SAR 2,141 million in the previous quarter with an increase of 3%.
Total shareholders' equity (There are no minority rights)
as at 30 June 2017 was SAR 53,605 billion compared to SAR 49,048 billion for same period of last year, with an increase of 9.29%.

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