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Alawwal Bank Announces its Interim Financial Results for the Period Ending on 31-03-2019 (Three Months)

Alawwal Bank 1040 1.45% 19.58 0.28
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Total Revenue for Special Commissions/Investments 917.9 898.8 2.125 997.6 -7.989
Net Income for Special Commissions/Investments 670.2 670.1 0.014 724.1 -7.443
Total operation Profit (Loss) 899.6 860.1 4.592 940.2 -4.318
Net Profit (Loss) 219.5 286.1 -23.278 309.8 -29.147
Total Comprehensive Income 219.4 285.3 -23.098 309.8 -29.18
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) 14,030.7 13,227.5 6.072
Assets 79,613.1 88,803.4 -10.349
Investments 15,623.1 16,648.6 -6.159
Loans and advances portfolio 55,787.1 60,760.3 -8.184
Customer deposits 61,847.7 70,501.6 -12.274
Profit (Loss) per Share 0.19 0.25
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 decreased due to higher total operating expenses, which increased by 17.8%, mainly due to an increase in impairment charge for credit and other losses, impairment charge for other financial assets, depreciation and amortisation and general and administrative expenses, partially offset by a decrease in rent and premises-related expenses and salaries and employee-related expenses.

Total operating income increased by 4.6%, mainly due to an increase in trading income, unrealized gain on FVTPL financial instruments and exchange income, partially offset by a decrease in fee and commission income.

Reason for increase (decrease) in net profit for current quarter compared to the previous quarter Net income decreased mainly due to higher total operating expenses, which increased by 7.9%, mainly due to increase in impairment charge for credit and other losses, Impairment charge for other financial assets, depreciation and amortization, salaries and employee-related expenses and general and administrative expenses, partially offset by a decrease in rent and premises-related expenses.

Total operating income decreased by 4.3%, mainly due to decrease in net special commission income, fee and commission income and exchange income, partially offset by an increase in trading income and unrealized gain on FVTPL financial instruments.

Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result Certain prior periods figures have been reclassified to conform to the current period's classifications.

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