RIYAD BANK 1443/03/21 Wed Oct 27, 2021 15:28:47
Share this: Facebook TwitterLinkedIn
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
| Total income from Special Commissions/Financing & Investments | 2,175 | 2,376 | -8.459 | 2,327 | -6.532 |
| Net Income from Special Commissions/Financing & Investments | 1,982 | 2,073 | -4.389 | 2,146 | -7.642 |
| Total Operation Profit (Loss) | 2,817 | 2,821 | -0.141 | 2,978 | -5.406 |
| Net Profit (Loss) before Zakat and Income Tax | 1,727 | 1,473 | 17.243 | 1,710 | 0.994 |
| Net Profit (Loss) | 1,543 | 1,296 | 19.058 | 1,512 | 2.05 |
| Total Comprehensive Income | 1,499 | 1,869 | -19.796 | 1,823 | -17.772 |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Current Period | Similar period for previous year | %Change |
| Total income from Special Commissions/Financing & Investments | 6,802 | 7,519 | -9.535 |
| Net Income from Special Commissions/Financing & Investments | 6,224 | 6,178 | 0.744 |
| Total Operation Profit (Loss) | 8,619 | 8,415 | 2.424 |
| Net Profit (Loss) before Zakat and Income Tax | 4,965 | 4,327 | 14.744 |
| Net Profit (Loss) | 4,408 | 3,835 | 14.941 |
| Total Comprehensive Income | 4,695 | 3,733 | 25.77 |
| Total Share Holders Equity (after Deducting Minority Equity) | 46,050 | 42,655 | 7.959 |
| Assets | 318,657 | 308,558 | 3.272 |
| Investments | 57,451 | 55,036 | 4.388 |
| Loans and Advances Portfolio (Financing & Investment) | 210,482 | 190,823 | 10.302 |
| Clients' deposits | 203,996 | 201,292 | 1.343 |
| Profit (Loss) per Share | 1.47 | 1.28 | |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Explanation |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is |
Net income increased by 19.0% mainly due to a decrease in total operating expenses as well as an increase in trading income, net, gains on disposal of non-trading investments, net, exchange income, net and dividend income.
The total operating expenses were lower by 20.9% due to lower Impairment charge for credit losses, other financial assets, net and impairment charge for investments, net partially offset by higher salaries and employee-related expenses and other general and administrative expenses. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is |
Net income increased by 2.1% mainly due to lower total operating expenses and higher fee and commission income, net.
Total operating expenses were lower by 14.5%, driven by a decrease in impairment charge for credit losses and other financial assets, net, impairment charge for investments, net and other general and administrative expenses partially offset by increase in salaries and employee-related expenses. Total operating income was lower by 5.4% mainly due to decrease in net special commission income partially offset by increase in fee and commission income, net., dividend income, and exchange income, net |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
Net income increased by14.9% mainly due to higher total operating income coupled with lower total operating expenses.
Total operating income was higher by 2.4% mainly due to higher gains on disposal of non-trading investments, net, fee and commission, net, net special commission income, and other operating income partially offset by decrease in exchange and trading income, net. The total operating expenses were lower by 11.7%, resulting from lower impairment charge for credit losses and other financial assets, net partially offset by increase in other general and administrative expenses and salaries and employee-related expenses. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | None |
| Reclassification of Comparison Items | None |
| Additional Information |
Impairment charge for credit losses, net for the three months period ended 30 September 2021 was SAR 139 million, as compared to SAR 466 million in the corresponding period of last year( a decrease of 70.3%) and SAR 229 million for the three months ended 30 June 2021 ( a decrease of 39.6%).
Impairment charge for credit losses, net for the nine months period ended 30 September 2021 was SAR 617 million, as compared to SAR 1,339 million in the corresponding period of previous year(a decrease of 53.9%). |
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Attachments
- Original document
- Permalink
Disclaimer
Riyad Bank SJSC published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 20:20:28 UTC.
