Samba Financial Group announces its interim financial results for the period ending on 2018-09-30 ( Nine Months )

18 October 2018 09:05 AM

SAMBA 1090 4.62% 38.50 1.70

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total Revenue for Special Commissions/Investments	1,955	1,727	13.202	1,845	5.962
Net Income for Special Commissions/Investments	1,589	1,447	9.813	1,541	3.114
Total operation Profit (Loss)	2,111	2,021	4.453	2,079	1.539
Net Profit (Loss)	1,417	1,308	8.333	1,400	1.214
Total Comprehensive Income	1,164	1,395	-16.559	1,522	-23.521
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Revenue for Special Commissions/Investments	5,538	5,106	8.46
Net Income for Special Commissions/Investments	4,564	4,191	8.9
Total operation Profit (Loss)	6,128	5,989	2.32
Net Profit (Loss)	4,122	3,810	8.188
Total Comprehensive Income	4,247	4,014	5.804
Total Share Holders Equity (after deducting minority equity)	42,813	43,552	-1.696
Assets	228,278	228,838	-0.244
Investments	64,862	63,411	2.288
Loans and advances portfolio	114,703	120,678	-4.951
Customer deposits	169,623	166,701	1.752
Profit (Loss) per Share	2.06	1.9
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	The Net Income has increased by 8.3%, mainly due to increase in net special commission income by 9.8% and increase in other operating income. On the other hand Total Operating Expenses decreased by 2.7% mainly due to decrease in Salaries expense, rent & premises expenses, credit cost and depreciation.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter	The Net Income increased by 1.2%, This is attributed to increase in Special Commission income, Income from investment held at FVIS, Exchange income. Total Operating Expenses increased by 2.3% due to increase in credit cost.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year	The Net Income has increased by 8.2%, mainly due to increase in net special commission income by 8.9% and increase in other operating income. On the other hand Total Operating Expenses decreased by 7.9% mainly due to decrease in Salaries expense, rent & premises expenses, credit cost and depreciation.
Type of the external auditor's opinion	Unmodified opinion
Reclassifications in quarter financial result	Some numbers have been reclassified.

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