Banque Saudi Fransi 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 | 6,948 | 6,605 | 5.193 | ||
| Net Income for Special Commissions/Investments | 5,017 | 4,700 | 6.744 | ||
| Total operation Profit (Loss) | 6,799 | 6,576 | 3.391 | ||
| Net Profit (Loss) | 3,307 | 3,532 | -6.37 | ||
| Total Comprehensive Income | 3,274 | 4,110 | -20.34 | ||
| Total Share Holders Equity (after deducting minority equity) | 30,812 | 31,661 | -2.681 | ||
| Assets | 190,201 | 192,929 | -1.413 | ||
| Investments | 28,372 | 25,325 | 12.031 | ||
| Loans and advances portfolio | 120,632 | 121,940 | -1.072 | ||
| Customer deposits | 148,368 | 150,954 | -1.713 | ||
| Profit (Loss) per Share | 2.76 | 2.94 | |||
| 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 decreased due to increase in Total Operating Expenses by 14.49%.This increase in Total operating expenses was primarily due to higher Impairment charge for credit losses and Impairment charge for other financial assets which was partially offset by reduction in Other general and administrative expenses, Salaries and employee related expenses, Rent and premises related expenses and Other operating expenses. Meanwhile, Total Operating Income increased by 3.39% mainly due to higher Net Special commission income and Gains on partial sale of investment in associate which was partially offset by a reduction in Trading Income , Fee and commission income, Other operating income , Exchange income and Dividend income as well as increase in Losses on FVOCI investments. |
| Type of the external auditor's opinion | Unmodified opinion |
| Reclassifications in annual financial results | Certain prior period numbers have been restated to conform to the current period presentation. |
| Additional Information | Net impairment charge for credit losses and other financial assets reached to SAR 878 Million for the current quarter against SAR 518 Million in the similar quarter of the previous year with an increase of 69.5%. Net impairment charge for credit losses and other financial assets reached to SAR 1,203 Million for the current year against SAR 665 Million for the previous year with an increase of 80.9%. EPS for the current and the previous years are calculated by dividing the net income for the periods by the weighted average number of shares outstanding after excluding treasury shares. |
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