Samba Financial Group announces its Annual financial results for the period ending on 2018-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Total Revenue for Special Commissions/Investments | 7,538 | 6,928 | 8.804 | ||
| Net Income for Special Commissions/Investments | 6,152 | 5,732 | 7.327 | ||
| Total operation Profit (Loss) | 8,157 | 7,892 | 3.357 | ||
| Net Profit (Loss) | 5,529 | 5,024 | 10.051 | ||
| Total Comprehensive Income | 5,633 | 5,196 | 8.41 | ||
| Total Share Holders Equity (after deducting minority equity) | 42,216 | 44,583 | -5.309 | ||
| Assets | 229,938 | 227,546 | 1.051 | ||
| Investments | 66,350 | 63,912 | 3.814 | ||
| Loans and advances portfolio | 113,708 | 117,685 | -3.379 | ||
| Customer deposits | 170,170 | 167,923 | 1.338 | ||
| Profit (Loss) per Share | 2.76 | 2.51 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| Reason for increase (decrease) in net profit for current year compared to last year | The Net Income has increased by 10% mainly due to increase in net special commission income by 7.3% and increase other operating income. On the other hand total operating expenses decreased by 8.4% due to decrease in salaries expenses, depreciation expenses, credit cost and general and administrative expenses. |
| Type of the external auditor's opinion | Unmodified opinion |
| External auditor's report containing reservation | None |
| Reclassifications in annual financial results | Some numbers have been reclassified |
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