Bank Albilad announces its Annual financial results for the year ending on 2018-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Total Revenue for Special Commissions/Investments | 2,704.9 | 2,117.2 | 27.758 | ||
| Net Income for Special Commissions/Investments | 2,145.5 | 1,738.9 | 23.382 | ||
| Total operation Profit (Loss) | 3,416 | 2,959.6 | 15.421 | ||
| Net Profit (Loss) | 1,110.5 | 942 | 17.887 | ||
| Total Comprehensive Income | 1,047.5 | 964.2 | 8.639 | ||
| Total Share Holders Equity (after deducting minority equity) | 7,832.9 | 7,588.8 | 3.216 | ||
| Assets | 73,636.1 | 63,207.7 | 16.498 | ||
| Investments | 6,465.7 | 5,140 | 25.791 | ||
| Loans and advances portfolio | 50,593 | 43,447.4 | 16.446 | ||
| Customer deposits | 57,175.6 | 47,783 | 19.656 | ||
| Profit (Loss) per Share | 1.85 | 1.56 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| Reason for increase (decrease) in net profit for current year compared to last year | Net income has increased due to the increase in total operating income by 15.4%, which has resulted due to the increase in net income from investment and financing activities, gains on investments, dividend income, fee and commission income,net and net exchange income. However, other income has decreased. Total operating expenses have increased by 13.9% due to the increase in the impairment charge for credit and other financial assets, staff expenses, other general and administrative expenses and depreciation. However, rent and premises related expenses has decreased. |
| Type of the external auditor's opinion | Unmodified opinion |
| Reclassifications in annual financial results | Unmodified opinion |
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