| Reasons of increase (decrease) for quarter compared with same quarter last year |
Net profit for the quarter increased due to the increase in total operating income by 12.2% resulting mainly from the increases in net special commission income, dividend income, gains on non-trading investments, net trading income and other operating income; offset by decreases in net exchange income, net banking fees and commission income, and net unrealized gains from FVIS financial instruments. Furthermore, total operating expenses increased by 17.1% resulting mainly from the increases in impairment charges for credit losses, salaries and employees related expenses and general and administrative expenses; offset by the decreases in rent and premises related expenses, impairment charges for investments and depreciation expenses. |
| Reasons of increase (decrease) for period compared with same period last year |
Net profit for the period increased due to the increase in total operating income by 7.5% resulting mainly from the increases in net special commission income, net trading income, gains on non-trading investments, dividend income and other operating income, in addition to the decrease in net unrealized losses from FVIS financial instruments; offset by decreases in net banking fees and commission income and net exchange income. Furthermore, total operating expenses increased by 10.7% resulting mainly from the increases in impairment charges for credit losses, and rent and premises related expenses, and general and administrative expenses; offset by decreases in salaries and employees related expenses, impairment charges for investments and depreciation expenses. |
| Reason of increase (decrease) for quarter compared with the previous quarter |
The net profit for the quarter decreased due to the increase in total operating expenses by 14.3% resulting mainly from the increase in impairment charges for credit losses, salaries and employee related expenses, general and administrative expenses, and impairment charges for investments; offset by decreases in rent and premises related expenses and depreciation expenses. Furthermore, total operating icome increased by 2.5% due to the increase in gains from non-trading investments and other operating income, offset by decreases in net special commission income, net exchange income, net banking fees and commission income, dividends income, and net trading income. |
| Reclassifications in quarterly financial results |
Certain comparative figures were reclassified/restated to conform to the current year presentation |
| Other notes |
The total special commission / financing and investment income for the nine-month period ended 30 September 2017 reached SAR 4,524.8 million, against SAR 4,196.8 million for the same period last year; an increase of 7.8%. The total special commission / financing and investment income for the current quarter reached SAR 1,489.1 million, against SAR 1,489.3 million for the same quarter last year. The total comprehensive income for the nine-month period ended 30 September 2017 reached SAR 2,272.2 million, against SAR 2,014.0 million for the same period last year; an increase of 12.8%. The total comprehensive income for the three-month period ended 30 September 2017 reached SAR 614.3 million, against SAR 600.3 million for the same quarter last year; an increase of 2.3% against an amount of SAR 971 million for the previous quarter representing a decrease of 36.7%. The total shareholders equity (excluding the minority interest) for the current period reached SAR 24,043 million, against SAR 22,444 million for same period last year, an increase of 7.1% |
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