Bank Albilad announces its interim financial results for the period ending on 2019-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Revenue for Special Commissions/Investments | 769.7 | 599.6 | 28.368 | 759.3 | 1.369 |
| Net Income for Special Commissions/Investments | 597.1 | 488.2 | 22.306 | 596.4 | 0.117 |
| Total operation Profit (Loss) | 921.4 | 791 | 16.485 | 902.1 | 2.139 |
| Net Profit (Loss) | 316.5 | 256.1 | 23.584 | 291.5 | 8.576 |
| Total Comprehensive Income | 467.1 | 220.2 | 112.125 | 311.7 | 49.855 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after deducting minority equity) | 8,270.7 | 7,720.6 | 7.125 |
| Assets | 72,901.5 | 65,778.3 | 10.829 |
| Investments | 8,332.4 | 5,145.7 | 61.929 |
| Loans and advances portfolio | 51,409.4 | 45,615.8 | 12.7 |
| Customer deposits | 57,590.9 | 50,773.7 | 13.426 |
| Profit (Loss) per Share | 0.53 | 0.43 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year | Net income has increased due to the increase in total operating income by 16.5%, which has resulted due to the increase in net income from investment and financing activities, net fee and commission income, net gains from investments, other operating income and dividend income. However, net exchange income has decreased.
Total operating expenses have increased by 13.1%, due to the increase in the depreciation, impairment charge for credit and other financial assets, staff expenses and other general and administrative expenses. However, rent and premises related expenses have decreased. |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | Net income has increased due to the increase in total operating income by 2.1%, which has resulted due to the increase in other operating income, net fee and commission income and net income from investment and financing activities. However, net gains from investments, net exchange income and dividend income have decreased.
Total operating expenses have decreased by 0.9%, due to decrease in rent and premises related expenses and staff expenses. However, depreciation, impairment charge for credit and other financial assets and other general and administrative expenses have increased. |
| Type of the external auditor's opinion | Unmodified opinion |
| External auditor's report containing reservation | None |
| Reclassifications in quarter financial result | Some items have been re-classified. |
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