Alinma Bank 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 | 4,894 | 4,255 | 15.017 | ||
| Net Income for Special Commissions/Investments | 3,798 | 3,493 | 8.731 | ||
| Total operation Profit (Loss) | 4,845 | 4,373 | 10.793 | ||
| Net Profit (Loss) | 2,517 | 2,011 | 25.161 | ||
| Total Comprehensive Income | 2,533 | 2,021 | 25.333 | ||
| Total Share Holders Equity (after deducting minority equity) | 21,298 | 20,344 | 4.689 | ||
| Assets | 121,333 | 114,752 | 5.734 | ||
| Investments | 18,399 | 15,066 | 22.122 | ||
| Loans and advances portfolio | 83,685 | 79,063 | 5.845 | ||
| Customer deposits | 90,128 | 89,065 | 1.193 | ||
| Profit (Loss) per Share | 1.69 | 1.35 | |||
| 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 | Net income increased due to the increase in total operating income by 11%, mainly due to the increase in net income from financing & investments, gain on investments, fee from banking services and exchange income. On the other hand, the total operating expenses decreased by 1% mainly due to decrease in provisions for impairment and depreciation, partly offset by increase in employee costs and General & Administrative expenses. |
| Type of the external auditor's opinion | Unmodified opinion |
| Reclassifications in annual financial results | The previous period numbers have been reclassified to conform current period presentation. |
| Additional Information | For calculation of earning per share, 10 million treasury shares have been excluded. |
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