19/01/2017
Element
|
Current quarter
|
Similar quarter for previous year
|
% Change Current
|
Previous quarter
|
% Change Previous
|
Net profit (loss)
|
302.2
|
228.0
|
32.5
|
219.4
|
37.7
|
Total profit (loss) operation income\ Investments
|
569.8
|
615.0
|
-7.4
|
633.1
|
-10.0
|
Net profit (loss) special commission income\ Investments
|
377.9
|
428.1
|
-11.7
|
460.7
|
-18.0
|
Element
|
Current period
|
similar period for previous year
|
% Change
|
Net profit (loss)
|
1,053.0
|
1,329.0
|
-20.8
|
Total profit (loss) operation income\ Investments
|
2,406.0
|
2,511.0
|
-4.2
|
Net profit (loss) special commission income\ Investments
|
1,672.0
|
1,731.0
|
-3.4
|
Earning or loss per share, Riyals
|
1.50
|
1.90
|
|
Total Assets
|
94,362
|
93,578
|
0.8
|
Investments
|
21,448
|
18,983
|
13.0
|
Loans and advances portfolio
|
60,249
|
60,269
|
-0.03
|
Customer deposit
|
65,640
|
70,518
|
-6.9
|
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT
|
EXPLANATION
|
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR
|
THE INCREASE IN NET INCOME WAS DUE TO A DECREASE IN OPERATING EXPENSES OF 26.8% WHICH WAS DUE TO THE DECREASE IN THE IMPAIRMENT CHARGE FOR NON-TRADING INVESTMENTS WHICH WAS OFFSET BY AN INCREASE IN THE SALARIES AND EMPLOYEE RELATED EXPENSES, RENT AND PREMISIS RELATED EXPENSES, AND OTHER GENERAL AND ADMINISTRATIVE EXPENSES. THE OPERATING INCOME DECREASED BY 7.4% DUE TO THE DECREASE IN IN NET SPECIAL COMMISSION INCOME AND FEES FROM BANKING SERVICES, WHICH WERE OFFSET BY AN INCREASE IN EXCHANGE INCOME AND GAINS FROM NON-TRADING INVESTMENTS.
|
REASON OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH THE SAME PERIOD LAST YEAR
|
THE DECREASE IN NET INCOME WAS DUE TO AN INCREASE IN OPERATING EXPENSES OF 12.3% WHICH WAS DUE TO THE INCREASE IN IMPAIRMENT CHARGES FOR NON-TRADING INVESTMENTS, IMPAIRMENT CHARGES FOR LOANS, AND RENT AND PREMISIS RELATED EXPENSES, WHICH WERE OFFSET BY A DECREASE IN STAFF AND EMPLOYEE RELATED EXPENSES. THE OPERATING INCOME ALSO DECREASED BY 4.2% DUE TO THE DECREASE IN NET SPECIAL COMMISSION INCOME, GAINS FROM NON-TRADING INVESTMENTS, DIVIDEND INCOME, AND FEE INCOME FROM BANKING SERVICES, WHICH WERE OFFSET BY AN INCREASE IN EXCHANGE INCOME.
|
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER
|
THE INCREASE IN NET INCOME WAS DUE TO A DECREASE IN OPERATING EXPENSES OF 30.4% WHICH WAS DUE TO A DECREASE IN IMPAIRMENT CHARGES FOR NON-TRADING INVESTMENTS, WHICH WAS OFFSET BY AN INCREASE IN SALARIES AND EMPLOYEE RELATED EXPENSES. OPERATING INCOME DECREASED BY 10% DUE TO THE DECREASE IN NET SPECIAL COMISSION INCOME, AND DIVIDEND INCOME, WHICH WERE OFFSET BY AN INCREASE IN FEE INCOME FROM BANKING SERVICES, EXCHANGE INCOME, AND GAINS FROM NON-TRADING INVESTMENTS.
|
RECLASSIFICATIONS IN QUARTERLY FINANCIAL RESULTS
|
THE PREVIOUS PERIOD NUMBERS HAVE BEEN RECLASSIFIED TO CONFORM TO THE CURRENT YEAR PRESENTATION.
|
Other notes
|
EARNINGS PER SHARE FOR THE TWELVE MONTHS OF 2015 WAS SAR 1.90, WHICH WAS RECALCULATED TO REFLECT THE INCREASE IN THE BANKS CAPITAL FROM 650 MILLION SHARES TO 700 MILLION SHARES WHICH WAS APPROVED IN THE EXTRAORDINARY GENERAL ASSEMBLY MEETING ON 04/04/2016.
|
Other notes
|
SPECIAL COMMISSION INCOME FOR THE TWELVE MONTH PERIOD ENDED DECEMBER 30, 2016 REACHED SAR 3,201 MILLION COMPARED TO SAR 2,441 MILLION FOR THE SAME PERIOD LAST YEAR, AN INCREASE OF 31%. SPECIAL COMMISSION INCOME FOR THE THREE MONTH PERIOD ENDED DECEMBER 30, 2016 REACHED SAR 850 MILLION COMPARED TO SAR 647 MILLION FOR THE SAME PEIOD LAST YEAR, AN INCREASE OF 31.4%. TOTAL EQUITY INCREASED BY 12.5% TO REACH SAR 13.5 BILLION AS OF DECEMBER 30, 2016 COMPARED TO SAR 12.0 BILLION FOR THE SAME PERIOD LAST YEAR. TOTAL EQUITY AS OF DECEMBER 31, 2016 INCLUDES SAR 500 MILLION SUBORDINATED TIER 1 SUKUK ISSUED IN THE FOURTH QUARTER OF 2016.
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