Alinma Bank 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 | 1,307 | 1,113 | 17.43 | 1,305 | 0.153 |
| Net Income for Special Commissions/Investments | 993 | 896 | 10.825 | 972 | 2.16 |
| Total operation Profit (Loss) | 1,290 | 1,110 | 16.216 | 1,292 | -0.154 |
| Net Profit (Loss) | 709 | 582 | 21.821 | 661 | 7.261 |
| Total Comprehensive Income | 728 | 572 | 27.272 | 700 | 4 |
| 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) | 20,459 | 20,179 | 1.387 |
| Assets | 121,794 | 113,945 | 6.888 |
| Investments | 20,728 | 15,941 | 30.029 |
| Loans and advances portfolio | 85,877 | 79,013 | 8.687 |
| Customer deposits | 92,261 | 89,340 | 3.269 |
| Profit (Loss) per Share | 0.48 | 0.39 | |
| 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 increased due to the increase of total operating income by 16%, mainly due to the increase in net income from financing and investments in addition to increase in fee from banking services and income from FVIS Financial Instruments.
On the other hand, the total operating expenses increased by 9% mainly due to increase in employee costs, depreciation and general expenses. |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | Net income increased mainly due to the increase in net income from financing and investment by 2% and fee income by 32%, which was partially offset by the decline in the income from investments in equity and funds.
On the other hand, the total operating expenses decreased by 8% due to the lower provision for impairments and general expenses. |
| Type of the external auditor's opinion | Unmodified opinion |
| External auditor's report containing reservation | None |
| Reclassifications in quarter financial result | 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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