Alawwal bank Announces its Annual Financial Results for the Period Ending on 31-12-2018
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Total Revenue for Special Commissions/Investments | 3,755 | 3,903 | -3.791 | ||
| Net Income for Special Commissions/Investments | 2,755 | 2,766 | -0.397 | ||
| Total operation Profit (Loss) | 3,564 | 3,712 | -3.987 | ||
| Net Profit (Loss) | 1,130 | 1,336 | -15.419 | ||
| Total Comprehensive Income | 1,130 | 1,308 | -13.608 | ||
| Total Share Holders Equity (after deducting minority equity) | 13,860 | 13,600 | 1.911 | ||
| Assets | 82,028 | 99,870 | -17.865 | ||
| Investments | 16,069 | 16,689 | -3.715 | ||
| Loans and advances portfolio | 57,767 | 63,639 | -9.227 | ||
| Customer deposits | 64,573 | 78,275 | -17.504 | ||
| Profit (Loss) per Share | 0.99 | 1.17 | |||
| 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 lower total operating income which decreased by 4.0%, mainly due to decrease in fee and commission income, gain on non-trading investments, trading income, net special commission income and exchange income, partially offset by an increase in gain on FVTPL financial instruments. Total operating expenses increased by 2.3%, mainly due to an increase in impairment charge for credit and other losses, general and administrative expenses, depreciation and amortisation and rent and premises-related expenses, partially off set by decrease in salaries and employee-related expenses and an increase in impairment reversal for other financial assets. |
| Type of the external auditor's opinion | Unmodified opinion |
| Reclassifications in annual financial results | Certain prior periods figures have been reclassified to conform to the current year's classifications. |
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