Alawwal Bank Announces its Interim Financial Results for the Period Ending on 30-09-2018 (Nine Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Revenue for Special Commissions/Investments | 952.6 | 977.7 | -2.567 | 906.3 | 5.108 |
| Net Income for Special Commissions/Investments | 692.1 | 712.8 | -2.904 | 668.4 | 3.545 |
| Total operation Profit (Loss) | 886.2 | 939.9 | -5.713 | 877 | 1.049 |
| Net Profit (Loss) | 281 | 363 | -22.589 | 253.6 | 10.804 |
| Total Comprehensive Income | 280.7 | 363.9 | -22.863 | 254 | 10.511 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Revenue for Special Commissions/Investments | 2,757.7 | 2,946.5 | -6.407 |
| Net Income for Special Commissions/Investments | 2,030.6 | 2,059.4 | -1.398 |
| Total operation Profit (Loss) | 2,623.3 | 2,786.7 | -5.863 |
| Net Profit (Loss) | 820.6 | 1,009 | -18.671 |
| Total Comprehensive Income | 820.1 | 980.4 | -16.35 |
| Total Share Holders Equity (after deducting minority equity) | 13,714.2 | 13,308.6 | 3.047 |
| Assets | 84,065.9 | 101,453.6 | -17.138 |
| Investments | 16,391.3 | 16,389.5 | 0.01 |
| Loans and advances portfolio | 58,996.1 | 68,735.6 | -14.169 |
| Customer deposits | 65,314.1 | 81,100.7 | -19.465 |
| Profit (Loss) per Share | 0.72 | 0.88 | |
| 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 profit for the quarter decreased mainly due to lower total operating income which decreased by 5.7% mainly due to decrease in net special commission income, fee and commission income, trading income and exchange income. Total operating expenses increased by 4.9%, mainly due to an increase in impairment charge for credit and other losses, salaries and employee-related expenses, depreciation and amortization, rent and premises-related expenses and general and administrative expenses and partially offset by an increase in Impairment reversal for other financial assets. |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | Net profit for the quarter increased mainly due to lower total operating expenses, which decreased by 3.0%, mainly due to decrease in impairment charge for credit and other losses and increase in impairment reversal for other financial assets, partially offset by an increase in rent and premises-related expenses, general and administrative expenses, salaries and employee-related expenses and depreciation and amortization. Total operating income increased by 1.0%, mainly due to an increase in net special commission income, partially offset by a decrease in unrealized gain on FVTPL financial instruments, trading income, fee and commission income and exchange income. |
| Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year | Net profit for the period decreased mainly due to lower total operating income, which decreased by 5.9% mainly due to decrease in fee and commission income, gains on non-trading investment, net special commission income, trading income and exchange income, partially offset by an increase in unrealized gain on FVTPL financial instruments. Total operating expenses increased by 1.4%, mainly due to an increase in impairment charge for credit and other losses, depreciation and amortization and salaries and employee-related expenses, partially offset by decrease in general and administrative expenses, rent and premises-related expenses, and an increase in impairment reversal for other financial assets. |
| Type of the external auditor's opinion | Unmodified opinion |
| External auditor's report containing reservation | None |
| Reclassifications in quarter financial result | None |
| Additional Information | None |
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