NCB’s H1 2019 profit jumps 15% on higher operating income

31/07/2019 Argaam Exclusive

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The Saudi National Bank (SNB)

The National Commercial Bank (NCB) posted a net profit of SAR 5.46 billion for H1 2019, a rise of 14.5 percent year-on-year (YoY) on an increase in total operating income, net special commission income, investment related income and lower operating expenses.

Financials (M)

Item	6m 2018	6m 2019	Change‬
Net Special Commission Income	6,992.01	7,661.51	9.6 %
Operating Income	9,439.80	10,001.22	5.9 %
Total Provisions	(332.97)	(470.07)	(41.2 %)
Net Income	4,768.01	5,461.13	14.5 %
Average Shares	4,019.65	4,019.65	-
EPS (Riyals)	1.19	1.36	14.5 %

In Q2 2019, net profit climbed 24 percent YoY to SAR 2.69 billion driven by a rise in operating income, net special commission income, fee income from banking services, foreign exchange income and investment related income.

When compared to Q1 2019, net earnings declined 3.2 percent due to increased operating expenses along with higher net impairment charge for financing and advance losses, and higher other general and other administrative expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2018	Q2 2019	Change‬
Net Special Commission Income	3,573.43	3,907.43	9.3 %
Operating Income	4,660.55	5,050.41	8.4 %
Debt Provisions	(335.31)	(324.74)	3.2 %
Net Income	2,166.35	2,685.59	24.0 %
Average Shares	4,019.65	4,019.65	-
EPS (Riyals)	0.54	0.67	24.0 %

Item	Q1 2019	Q2 2019	Change‬
Net Special Commission Income	3,754.08	3,907.43	4.1 %
Operating Income	4,950.81	5,050.41	2.0 %
Debt Provisions	(145.33)	(324.74)	(123.5 %)
Net Income	2,775.54	2,685.59	(3.2 %)
Average Shares	4,019.65	4,019.65	-
EPS (Riyals)	0.69	0.67	(3.2 %)

Balance Sheet (B)

Item	6m 2018	6m 2019	Change‬
Assets	455.73	476.59	4.6 %
Customer Deposits	317.65	327.44	3.1 %
Loan	266.04	274.83	3.3 %

Financial results (Million)

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change	Net Income	Change	EPS(Riyal)
Q1 2010	2,143.79	3.8 %	3,099.05	(2.1 %)	(552.03)	17.7 %	1,413.06	35.1 %	0.35
Q2 2010	1,990.25	3.7 %	3,011.06	6.9 %	(612.95)	(44.2 %)	1,226.70	2.9 %	0.31
Q3 2010	1,978.17	1.0 %	2,826.25	(3.6 %)	(587.79)	23.6 %	828.38	(19.9 %)	0.21
Q4 2010	2,037.60	(3.1 %)	2,730.89	6.6 %	(78.79)	87.0 %	1,255.70	63.3 %	0.31
2010	8,149.80	1.3 %	11,667.26	1.6 %	(1,831.56)	26.0 %	4,723.84	16.9 %	1.18
Q1 2011	2,072.45	(3.3 %)	3,059.38	(1.3 %)	(296.60)	46.3 %	1,502.98	6.4 %	0.37
Q2 2011	2,116.00	6.3 %	3,075.09	2.1 %	(407.97)	33.4 %	1,424.32	16.1 %	0.35
Q3 2011	2,173.22	9.9 %	3,059.64	8.3 %	(212.25)	63.9 %	1,545.87	86.6 %	0.38
Q4 2011	2,219.76	8.9 %	2,939.51	7.6 %	(116.50)	(47.9 %)	1,538.58	22.5 %	0.38
2011	8,581.43	5.3 %	12,133.61	4.0 %	(1,033.32)	43.6 %	6,011.75	27.3 %	1.50
Q1 2012	2,303.73	11.2 %	3,703.85	21.1 %	(395.58)	(33.4 %)	1,953.74	30.0 %	0.49
Q2 2012	2,176.14	2.8 %	3,380.72	9.9 %	(351.03)	14.0 %	1,608.14	12.9 %	0.40
Q3 2012	2,332.29	7.3 %	3,271.63	6.9 %	(424.82)	(100.2 %)	1,480.49	(4.2 %)	0.37
Q4 2012	2,147.42	(3.3 %)	3,152.71	7.3 %	(264.59)	(127.1 %)	1,410.44	(8.3 %)	0.35
2012	8,959.58	4.4 %	13,508.91	11.3 %	(1,436.01)	(39.0 %)	6,452.80	7.3 %	1.61
Q1 2013	2,533.05	10.0 %	4,065.77	9.8 %	(259.83)	34.3 %	2,331.96	19.4 %	0.58
Q2 2013	2,546.09	17.0 %	3,699.88	9.4 %	(156.08)	55.5 %	1,992.11	23.9 %	0.50
Q3 2013	2,373.59	1.8 %	3,423.34	4.6 %	(199.61)	53.0 %	1,733.21	17.1 %	0.43
Q4 2013	2,643.48	23.1 %	3,668.53	16.4 %	(179.83)	32.0 %	1,794.93	27.3 %	0.45
2013	10,096.20	12.7 %	14,857.52	10.0 %	(795.35)	44.6 %	7,852.20	21.7 %	1.95
Q1 2014	2,708.28	6.9 %	3,864.29	(5.0 %)	(205.65)	20.9 %	2,535.31	8.7 %	0.63
Q2 2014	2,842.93	11.7 %	4,214.98	13.9 %	91.77	158.8 %	2,425.41	21.8 %	0.60
Q3 2014	2,790.58	17.6 %	4,114.35	20.2 %	(400.86)	(100.8 %)	1,869.11	7.8 %	0.46
Q4 2014	3,062.34	15.8 %	4,053.41	10.5 %	(480.72)	(167.3 %)	1,825.33	1.7 %	0.45
2014	11,404.13	13.0 %	16,247.03	9.4 %	(995.46)	(25.2 %)	8,655.15	10.2 %	2.15
Q1 2015	3,033.56	12.0 %	4,447.54	15.1 %	(218.33)	(6.2 %)	2,605.57	2.8 %	0.65
Q2 2015	3,122.72	9.8 %	4,282.93	1.6 %	(278.85)	(403.9 %)	2,362.92	(2.6 %)	0.59
Q3 2015	3,255.60	16.7 %	4,312.86	4.8 %	(713.13)	(77.9 %)	1,994.14	6.7 %	0.50
Q4 2015	3,169.96	3.5 %	4,442.37	9.6 %	(390.05)	18.9 %	2,126.56	16.5 %	0.53
2015	12,581.83	10.3 %	17,485.69	7.6 %	(1,600.35)	(60.8 %)	9,089.18	5.0 %	2.26
Q1 2016	3,435.82	13.3 %	4,723.97	6.2 %	(346.63)	(58.8 %)	2,630.81	1.0 %	0.65
Q2 2016	3,348.18	7.2 %	4,660.25	8.8 %	(381.30)	(36.7 %)	2,437.54	3.2 %	0.61
Q3 2016	3,441.72	5.7 %	4,662.80	8.1 %	(839.11)	(17.7 %)	1,961.78	(1.6 %)	0.49
Q4 2016	3,323.86	4.9 %	4,600.36	3.6 %	(363.93)	6.7 %	2,286.72	7.5 %	0.57
2016	13,549.58	7.7 %	18,647.38	6.6 %	(1,930.97)	(20.7 %)	9,316.86	2.5 %	2.32
Q1 2017	3,359.46	(2.2 %)	4,859.82	2.9 %	(421.98)	(21.7 %)	2,702.56	2.7 %	0.67
Q2 2017	3,472.91	3.7 %	4,478.34	(3.9 %)	(477.71)	(25.3 %)	2,417.42	(0.8 %)	0.60
Q3 2017	3,453.44	0.3 %	4,491.53	(3.7 %)	(707.21)	15.7 %	2,125.61	8.4 %	0.53
Q4 2017	3,375.17	1.5 %	4,515.54	(1.8 %)	(285.96)	21.4 %	2,556.39	11.8 %	0.64
2017	13,660.98	0.8 %	18,345.23	(1.6 %)	(1,892.86)	2.0 %	9,801.98	5.2 %	2.44
Q1 2018	3,418.57	1.8 %	4,779.24	(1.7 %)	2.34	100.6 %	2,592.19	(4.1 %)	0.64
Q2 2018	3,573.43	2.9 %	4,660.55	4.1 %	(335.31)	29.8 %	2,166.35	(10.4 %)	0.54
Q3 2018	3,637.42	5.3 %	4,731.60	5.3 %	(610.35)	13.7 %	2,120.36	(0.2 %)	0.53
Q4 2018	4,493.72	33.1 %	4,755.83	5.3 %	(403.75)	(41.2 %)	2,705.58	5.8 %	0.67
2018	15,123.14	10.7 %	18,927.22	3.2 %	(1,347.07)	28.8 %	9,593.95	(2.1 %)	2.39
Q1 2019	3,754.08	9.8 %	4,950.81	3.6 %	(145.33)	(6323.9 %)	2,775.54	7.1 %	0.69
Q2 2019	3,907.43	9.3 %	5,050.41	8.4 %	(324.74)	3.2 %	2,685.59	24.0 %	0.67

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change	Net Income	Change	EPS(Riyal)
2009	8,045.65	-	11,478.64	-	(2,473.73)	-	4,040.26	-	1.01
2010	8,149.80	1.3 %	11,667.26	1.6 %	(1,831.56)	26.0 %	4,723.84	16.9 %	1.18
2011	8,581.43	5.3 %	12,133.61	4.0 %	(1,033.32)	43.6 %	6,011.75	27.3 %	1.50
2012	8,959.58	4.4 %	13,508.91	11.3 %	(1,436.01)	(39.0 %)	6,452.80	7.3 %	1.61
2013	10,096.20	12.7 %	14,857.52	10.0 %	(795.35)	44.6 %	7,852.20	21.7 %	1.95
2014	11,404.13	13.0 %	16,247.03	9.4 %	(995.46)	(25.2 %)	8,655.15	10.2 %	2.15
2015	12,581.83	10.3 %	17,485.69	7.6 %	(1,600.35)	(60.8 %)	9,089.18	5.0 %	2.26
2016	13,549.58	7.7 %	18,647.38	6.6 %	(1,930.97)	(20.7 %)	9,316.86	2.5 %	2.32
2017	13,660.98	0.8 %	18,345.23	(1.6 %)	(1,892.86)	2.0 %	9,801.98	5.2 %	2.44
2018	15,123.14	10.7 %	18,927.22	3.2 %	(1,347.07)	28.8 %	9,593.95	(2.1 %)	2.39

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
Q1 2010	1.71 %	16.23 %	71.19 %
Q2 2010	1.71 %	15.85 %	70.62 %
Q3 2010	1.62 %	14.22 %	71.44 %
Q4 2010	1.75 %	15.60 %	69.85 %
2010	1.75 %	15.60 %	69.85 %
Q1 2011	1.71 %	15.64 %	69.48 %
Q2 2011	1.74 %	16.46 %	70.17 %
Q3 2011	1.98 %	17.87 %	70.43 %
Q4 2011	2.06 %	18.37 %	70.72 %
2011	2.06 %	18.37 %	70.72 %
Q1 2012	2.11 %	19.02 %	68.97 %
Q2 2012	2.10 %	19.84 %	67.82 %
Q3 2012	2.10 %	18.80 %	67.93 %
Q4 2012	2.00 %	17.96 %	66.32 %
2012	2.00 %	17.96 %	66.32 %
Q1 2013	2.03 %	18.53 %	66.25 %
Q2 2013	2.11 %	19.21 %	67.36 %
Q3 2013	2.17 %	19.39 %	66.94 %
Q4 2013	2.17 %	19.97 %	67.95 %
2013	2.17 %	19.97 %	67.95 %
Q1 2014	2.07 %	19.96 %	70.08 %
Q2 2014	2.13 %	20.09 %	69.66 %
Q3 2014	2.14 %	20.33 %	69.25 %
Q4 2014	2.13 %	20.09 %	70.19 %
2014	2.13 %	20.09 %	70.19 %
Q1 2015	2.01 %	19.45 %	69.69 %
Q2 2015	1.93 %	18.71 %	71.07 %
Q3 2015	1.92 %	19.01 %	72.96 %
Q4 2015	2.06 %	19.41 %	71.96 %
2015	2.06 %	19.41 %	71.96 %
Q1 2016	2.02 %	18.46 %	73.10 %
Q2 2016	2.01 %	18.39 %	72.82 %
Q3 2016	2.00 %	18.35 %	72.45 %
Q4 2016	2.09 %	18.36 %	72.66 %
2016	2.09 %	18.36 %	72.66 %
Q1 2017	2.08 %	17.67 %	71.73 %
Q2 2017	2.07 %	17.88 %	73.10 %
Q3 2017	2.15 %	17.92 %	73.84 %
Q4 2017	2.21 %	17.97 %	74.47 %
2017	2.21 %	17.97 %	74.47 %
Q1 2018	2.18 %	17.36 %	75.12 %
Q2 2018	2.08 %	17.18 %	74.92 %
Q3 2018	2.08 %	17.16 %	74.94 %
Q4 2018	2.14 %	16.85 %	79.90 %
2018	2.14 %	16.86 %	79.90 %
Q1 2019	2.16 %	16.78 %	80.94 %
Q2 2019	2.21 %	17.70 %	81.04 %

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
2009	-	-	70.09 %
2010	1.75 %	15.60 %	69.85 %
2011	2.06 %	18.37 %	70.72 %
2012	2.00 %	17.96 %	66.32 %
2013	2.17 %	19.97 %	67.95 %
2014	2.13 %	20.09 %	70.19 %
2015	2.06 %	19.41 %	71.96 %
2016	2.09 %	18.36 %	72.66 %
2017	2.21 %	17.97 %	74.47 %
2018	2.14 %	16.86 %	79.90 %

Balance Sheet (B)

Period	Assets	Change	Customer Deposits	Change	Loan	Change
Q1 2010	264.82	5.6 %	201.26	(1.4 %)	113.79	11.6 %
Q2 2010	263.27	2.5 %	204.81	(1.0 %)	116.96	10.5 %
Q3 2010	271.23	7.2 %	215.08	8.4 %	122.55	5.2 %
Q4 2010	282.37	9.7 %	229.16	13.1 %	125.60	12.0 %
Q1 2011	298.88	12.9 %	239.34	18.9 %	124.81	9.7 %
Q2 2011	313.78	19.2 %	250.66	22.4 %	130.18	11.3 %
Q3 2011	306.98	13.2 %	242.99	13.0 %	129.82	5.9 %
Q4 2011	301.20	6.7 %	239.46	4.5 %	135.29	7.7 %
Q1 2012	313.64	4.9 %	247.92	3.6 %	142.34	14.0 %
Q2 2012	320.42	2.1 %	250.27	(0.2 %)	150.27	15.4 %
Q3 2012	320.80	4.5 %	251.33	3.4 %	157.21	21.1 %
Q4 2012	345.26	14.6 %	273.53	14.2 %	163.46	20.8 %
Q1 2013	358.02	14.1 %	276.68	11.6 %	170.63	19.9 %
Q2 2013	362.80	13.2 %	288.05	15.1 %	178.21	18.6 %
Q3 2013	367.09	14.4 %	294.78	17.3 %	184.40	17.3 %
Q4 2013	377.29	9.3 %	300.60	9.9 %	187.69	14.8 %
Q1 2014	420.37	17.4 %	333.07	20.4 %	197.39	15.7 %
Q2 2014	435.53	20.0 %	345.60	20.0 %	206.19	15.7 %
Q3 2014	437.91	19.3 %	343.94	16.7 %	213.53	15.8 %
Q4 2014	434.88	15.3 %	333.10	10.8 %	220.72	17.6 %
Q1 2015	449.80	7.0 %	342.85	2.9 %	227.13	15.1 %
Q2 2015	461.41	5.9 %	360.98	4.5 %	234.28	13.6 %
Q3 2015	476.83	8.9 %	367.37	6.8 %	238.60	11.7 %
Q4 2015	448.64	3.2 %	323.87	(2.8 %)	252.94	14.6 %
Q1 2016	452.00	0.5 %	326.03	(4.9 %)	265.34	16.8 %
Q2 2016	452.61	(1.9 %)	314.71	(12.8 %)	264.77	13.0 %
Q3 2016	438.76	(8.0 %)	311.23	(15.3 %)	259.92	8.9 %
Q4 2016	442.66	(1.3 %)	315.62	(2.5 %)	253.59	0.3 %
Q1 2017	449.00	(0.7 %)	313.65	(3.8 %)	254.20	(4.2 %)
Q2 2017	450.49	(0.5 %)	314.69	0.0 %	256.90	(3.0 %)
Q3 2017	446.19	1.7 %	302.59	(2.8 %)	256.85	(1.2 %)
Q4 2017	444.79	0.5 %	308.94	(2.1 %)	249.23	(1.7 %)
Q1 2018	438.90	(2.2 %)	309.00	(1.5 %)	252.78	(0.6 %)
Q2 2018	455.73	1.2 %	317.65	0.9 %	266.04	3.6 %
Q3 2018	460.83	3.3 %	325.46	7.6 %	268.25	4.4 %
Q4 2018	452.18	1.7 %	318.70	3.2 %	265.06	6.4 %
Q1 2019	464.91	5.9 %	309.68	0.2 %	267.22	5.7 %
Q2 2019	476.59	4.6 %	327.44	3.1 %	274.83	3.3 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
3m 2010	264.82	5.6 %	201.26	(1.4 %)	113.79	11.6 %
6m 2010	263.27	2.5 %	204.81	(1.0 %)	116.96	10.5 %
9m 2010	271.23	7.2 %	215.08	8.4 %	122.55	5.2 %
12m 2010	282.37	9.7 %	229.16	13.1 %	125.60	12.0 %
3m 2011	298.88	12.9 %	239.34	18.9 %	124.81	9.7 %
6m 2011	313.78	19.2 %	250.66	22.4 %	130.18	11.3 %
9m 2011	306.98	13.2 %	242.99	13.0 %	129.82	5.9 %
12m 2011	301.20	6.7 %	239.46	4.5 %	135.29	7.7 %
3m 2012	313.64	4.9 %	247.92	3.6 %	142.34	14.0 %
6m 2012	320.42	2.1 %	250.27	(0.2 %)	150.27	15.4 %
9m 2012	320.80	4.5 %	251.33	3.4 %	157.21	21.1 %
12m 2012	345.26	14.6 %	273.53	14.2 %	163.46	20.8 %
3m 2013	358.02	14.1 %	276.68	11.6 %	170.63	19.9 %
6m 2013	362.80	13.2 %	288.05	15.1 %	178.21	18.6 %
9m 2013	367.09	14.4 %	294.78	17.3 %	184.40	17.3 %
12m 2013	377.29	9.3 %	300.60	9.9 %	187.69	14.8 %
3m 2014	420.37	17.4 %	333.07	20.4 %	197.39	15.7 %
6m 2014	435.53	20.0 %	345.60	20.0 %	206.19	15.7 %
9m 2014	437.91	19.3 %	343.94	16.7 %	213.53	15.8 %
12m 2014	434.88	15.3 %	333.10	10.8 %	220.72	17.6 %
3m 2015	449.80	7.0 %	342.85	2.9 %	227.13	15.1 %
6m 2015	461.41	5.9 %	360.98	4.5 %	234.28	13.6 %
9m 2015	476.83	8.9 %	367.37	6.8 %	238.60	11.7 %
12m 2015	448.64	3.2 %	323.87	(2.8 %)	252.94	14.6 %
3m 2016	452.00	0.5 %	326.03	(4.9 %)	265.34	16.8 %
6m 2016	452.61	(1.9 %)	314.71	(12.8 %)	264.77	13.0 %
9m 2016	438.76	(8.0 %)	311.23	(15.3 %)	259.92	8.9 %
12m 2016	442.66	(1.3 %)	315.62	(2.5 %)	253.59	0.3 %
3m 2017	449.00	(0.7 %)	313.65	(3.8 %)	254.20	(4.2 %)
6m 2017	450.49	(0.5 %)	314.69	0.0 %	256.90	(3.0 %)
9m 2017	446.19	1.7 %	302.59	(2.8 %)	256.85	(1.2 %)
12m 2017	444.79	0.5 %	308.94	(2.1 %)	249.23	(1.7 %)
3m 2018	438.90	(2.2 %)	309.00	(1.5 %)	252.78	(0.6 %)
6m 2018	455.73	1.2 %	317.65	0.9 %	266.04	3.6 %
9m 2018	460.83	3.3 %	325.46	7.6 %	268.25	4.4 %
12m 2018	452.18	1.7 %	318.70	3.2 %	265.06	6.4 %
3m 2019	464.91	5.9 %	309.68	0.2 %	267.22	5.7 %
6m 2019	476.59	4.6 %	327.44	3.1 %	274.83	3.3 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
2009	257.45	-	202.58	-	112.16	-
2010	282.37	9.7 %	229.16	13.1 %	125.60	12.0 %
2011	301.20	6.7 %	239.46	4.5 %	135.29	7.7 %
2012	345.26	14.6 %	273.53	14.2 %	163.46	20.8 %
2013	377.29	9.3 %	300.60	9.9 %	187.69	14.8 %
2014	434.88	15.3 %	333.10	10.8 %	220.72	17.6 %
2015	448.64	3.2 %	323.87	(2.8 %)	252.94	14.6 %
2016	442.66	(1.3 %)	315.62	(2.5 %)	253.59	0.3 %
2017	444.79	0.5 %	308.94	(2.1 %)	249.23	(1.7 %)
2018	452.18	1.7 %	318.70	3.2 %	265.06	6.4 %

Ratios

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
Q1 2010	76.00 %	42.97 %	56.54 %
Q2 2010	77.79 %	44.42 %	57.11 %
Q3 2010	79.30 %	45.18 %	56.98 %
Q4 2010	81.16 %	44.48 %	54.81 %
Q1 2011	80.08 %	41.76 %	52.15 %
Q2 2011	79.88 %	41.49 %	51.94 %
Q3 2011	79.16 %	42.29 %	53.43 %
Q4 2011	79.50 %	44.92 %	56.50 %
Q1 2012	79.05 %	45.38 %	57.41 %
Q2 2012	78.11 %	46.90 %	60.04 %
Q3 2012	78.34 %	49.01 %	62.55 %
Q4 2012	79.22 %	47.34 %	59.76 %
Q1 2013	77.28 %	47.66 %	61.67 %
Q2 2013	79.40 %	49.12 %	61.87 %
Q3 2013	80.30 %	50.23 %	62.56 %
Q4 2013	79.67 %	49.75 %	62.44 %
Q1 2014	79.23 %	46.96 %	59.26 %
Q2 2014	79.35 %	47.34 %	59.66 %
Q3 2014	78.54 %	48.76 %	62.08 %
Q4 2014	76.60 %	50.75 %	66.26 %
Q1 2015	76.22 %	50.49 %	66.25 %
Q2 2015	78.23 %	50.78 %	64.90 %
Q3 2015	77.04 %	50.04 %	64.95 %
Q4 2015	72.19 %	56.38 %	78.10 %
Q1 2016	72.13 %	58.70 %	81.39 %
Q2 2016	69.53 %	58.50 %	84.13 %
Q3 2016	70.93 %	59.24 %	83.51 %
Q4 2016	71.30 %	57.29 %	80.35 %
Q1 2017	69.86 %	56.62 %	81.05 %
Q2 2017	69.86 %	57.03 %	81.64 %
Q3 2017	67.82 %	57.57 %	84.88 %
Q4 2017	69.46 %	56.03 %	80.67 %
Q1 2018	70.40 %	57.59 %	81.80 %
Q2 2018	69.70 %	58.38 %	83.75 %
Q3 2018	70.63 %	58.21 %	82.42 %
Q4 2018	70.48 %	58.62 %	83.17 %
Q1 2019	66.61 %	57.48 %	86.29 %
Q2 2019	68.70 %	57.67 %	83.93 %

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
2009	78.69 %	43.56 %	55.36 %
2010	81.16 %	44.48 %	54.81 %
2011	79.50 %	44.92 %	56.50 %
2012	79.22 %	47.34 %	59.76 %
2013	79.67 %	49.75 %	62.44 %
2014	76.60 %	50.75 %	66.26 %
2015	72.19 %	56.38 %	78.10 %
2016	71.30 %	57.29 %	80.35 %
2017	69.46 %	56.03 %	80.67 %
2018	70.48 %	58.62 %	83.17 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
Q1 2010	4,019.65	1.10	1.10	-	7.17
Q2 2010	4,019.65	1.11	1.11	-	7.24
Q3 2010	4,019.65	1.05	1.05	-	7.68
Q4 2010	4,019.65	1.18	1.18	-	7.78
Q1 2011	4,019.65	1.20	1.20	-	8.14
Q2 2011	4,019.65	1.25	1.25	-	7.91
Q3 2011	4,019.65	1.43	1.43	-	8.27
Q4 2011	4,019.65	1.50	1.50	-	8.50
Q1 2012	4,019.65	1.61	1.61	-	8.76
Q2 2012	4,019.65	1.65	1.65	-	8.76
Q3 2012	4,019.65	1.64	1.64	-	9.15
Q4 2012	4,019.65	1.61	1.61	-	9.38
Q1 2013	4,019.65	1.70	1.70	-	9.58
Q2 2013	4,019.65	1.79	1.79	-	9.93
Q3 2013	4,019.65	1.86	1.86	-	10.01
Q4 2013	4,019.65	1.95	1.95	-	10.18
Q1 2014	4,019.65	2.00	2.00	-	10.51
Q2 2014	4,019.65	2.11	2.11	-	11.10
Q3 2014	4,019.65	2.15	2.15	-	11.10
Q4 2014	4,019.65	2.15	2.15	-	11.25
Q1 2015	4,019.65	2.17	2.17	-	11.81
Q2 2015	4,019.65	2.16	2.16	-	11.95
Q3 2015	4,019.65	2.19	2.19	-	11.91
Q4 2015	4,019.65	2.26	2.26	-	12.06
Q1 2016	4,019.65	2.27	2.27	-	12.75
Q2 2016	4,019.65	2.29	2.29	-	12.91
Q3 2016	4,019.65	2.28	2.28	-	12.92
Q4 2016	4,019.65	2.32	2.32	-	13.19
Q1 2017	4,019.65	2.34	2.34	-	13.68
Q2 2017	4,019.65	2.33	2.33	-	13.15
Q3 2017	4,019.65	2.37	2.37	-	13.54
Q4 2017	4,019.65	2.44	2.44	-	13.94
Q1 2018	4,019.65	2.41	2.41	-	14.10
Q2 2018	4,019.65	2.35	2.35	-	14.18
Q3 2018	4,019.65	2.35	2.35	-	13.81
Q4 2018	4,019.65	2.38	2.38	-	14.36
Q1 2019	4,019.65	2.43	2.43	-	14.87
Q2 2019	4,019.65	2.56	2.56	-	14.74

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
2009	4,019.65	1.01	1.01	-	7.28
2010	4,019.65	1.18	1.18	-	7.78
2011	4,019.65	1.50	1.50	-	8.50
2012	4,019.65	1.61	1.61	-	9.38
2013	4,019.65	1.95	1.95	-	10.18
2014	4,019.65	2.15	2.15	-	11.25
2015	4,019.65	2.26	2.26	-	12.06
2016	4,019.65	2.32	2.32	-	13.19
2017	4,019.65	2.44	2.44	-	13.94
2018	4,019.65	2.39	2.39	-	14.36

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	18.97	18.97	3.63
Q1 2015	20.89	20.89	3.84
Q2 2015	21.52	21.52	3.88
Q3 2015	18.33	18.33	3.37
Q4 2015	16.78	16.78	3.15
Q1 2016	13.33	13.33	2.37
Q2 2016	12.99	12.99	2.30
Q3 2016	10.75	10.75	1.90
Q4 2016	13.65	13.65	2.40
Q1 2017	12.54	12.54	2.14
Q2 2017	16.92	16.92	3.00
Q3 2017	16.10	16.10	2.82
Q4 2017	16.77	16.77	2.93
Q1 2018	20.07	20.07	3.43
Q2 2018	23.05	23.05	3.82
Q3 2018	21.38	21.38	3.63
Q4 2018	22.36	22.36	3.71
Q1 2019	25.21	25.21	4.12
Q2 2019	24.20	24.20	4.20

Period	P/E	Adjusted P/E	Price/book
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	18.97	18.97	3.63
2015	16.78	16.78	3.15
2016	13.65	13.65	2.40
2017	16.77	16.77	2.93
2018	22.33	22.33	3.71

Business Segments (Million)

Compared With The

Period	Retail	Corporate and Institutional Banking	Global markets and Treasury	Capital Market	International Banking
Q1 2010	1,429.43	550.42	556.18	112.37	450.65
Q2 2010	1,354.72	516.49	551.14	150.77	437.95
Q3 2010	1,250.06	580.16	463.35	153.97	378.72
Q4 2010	1,181.16	524.00	453.94	127.34	444.44
Q1 2011	1,224.26	512.03	746.66	146.97	429.46
Q2 2011	1,211.32	507.83	740.55	147.43	467.96
Q3 2011	1,158.03	458.35	840.83	148.33	454.10
Q4 2011	1,162.53	531.82	673.83	78.14	493.19
Q1 2012	1,370.73	589.23	926.63	244.35	572.91
Q2 2012	1,324.88	486.68	839.73	201.57	527.86
Q3 2012	1,198.40	749.16	722.69	167.08	434.30
Q4 2012	1,197.65	490.57	743.17	155.74	565.60
Q1 2013	1,418.17	775.64	1,145.26	160.86	565.85
Q2 2013	1,276.19	933.13	771.59	167.65	551.32
Q3 2013	1,220.48	805.71	736.59	143.22	517.35
Q4 2013	1,387.79	920.72	723.88	132.59	503.54
Q1 2014	1,394.07	901.15	892.75	174.43	501.88
Q2 2014	1,444.40	926.59	1,097.32	219.17	527.50
Q3 2014	1,455.20	868.24	1,023.74	171.82	595.35
Q4 2014	1,427.35	1,032.33	776.42	188.93	628.39
Q1 2015	1,448.95	1,041.10	1,224.33	166.74	566.42
Q2 2015	1,522.94	1,034.67	1,013.61	183.19	528.51
Q3 2015	1,533.85	1,062.65	1,011.26	160.03	545.05
Q4 2015	1,854.84	1,002.57	857.08	181.42	546.46
Q1 2016	1,970.14	1,040.62	1,017.29	159.51	536.42
Q2 2016	1,985.35	1,054.82	882.82	147.36	589.90
Q3 2016	1,967.03	1,104.46	874.28	114.20	602.84
Q4 2016	1,782.46	1,186.84	970.39	159.65	501.03
Q1 2017	1,938.41	1,235.61	1,133.92	163.66	388.22
Q2 2017	1,924.73	1,042.93	973.23	144.16	393.30
Q3 2017	2,106.64	842.25	982.69	154.12	405.84
Q4 2017	2,171.24	973.67	806.38	173.87	390.38
Q1 2018	2,116.90	873.73	1,189.77	227.59	371.26
Q2 2018	1,976.75	1,075.78	989.64	176.26	442.12
Q3 2018	2,318.57	1,000.84	858.77	154.71	398.71
Q4 2018	2,260.08	1,111.00	908.44	161.60	314.71
Q1 2019	2,240.76	1,157.45	1,074.45	181.00	297.15
Q2 2019	2,385.91	965.58	1,128.53	216.64	353.75

Period	Retail	Corporate and Institutional Banking	Global markets and Treasury	Capital Market	International Banking
2009	6,281.12	2,225.28	570.77	621.76	1,779.72
2010	5,215.36	2,171.07	2,024.61	544.45	1,711.77
2011	4,756.14	2,010.03	3,001.87	520.87	1,844.71
2012	5,091.66	2,315.64	3,232.21	768.74	2,100.66
2013	5,302.63	3,435.21	3,377.31	604.32	2,138.05
2014	5,721.01	3,728.31	3,790.23	754.36	2,253.12
2015	6,360.61	4,141.00	4,106.28	691.38	2,186.43
2016	7,704.97	4,386.73	3,744.77	580.72	2,230.19
2017	8,141.01	4,094.46	3,896.21	635.80	1,577.74
2018	8,672.30	4,061.35	3,946.61	720.17	1,526.80

Analysts Estimates (Million)

Item	Q2 2019 (e)	Q2 2019 (a)	Change‬
Average	2,700.20	2,685.59	(0.5 %)

Estimates vs Actual (Million)

Item	Q2 2019 (e)	Q2 2019 (a)	Change
OSOOL AND BAKHEET	2,700.20	2,685.59	(0.5) %

Financial Ratios

	Current
Market Cap (M Riyal)	198,600.00
Shares Outstanding ((M))	6,000.00
EPS ( Riyal) (TTM)	3.34
EPS Diluted ( Riyal) (TTM)	3.24
Book Value (BV) ( Riyal)	27.47
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	9.92
P/E (TTM)	9.92
Price/book	1.21
Return on Average Assets (%) (TTM)	2.0
Return on Average Equity (%) (TTM)	12.6

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NCB’s H1 2019 profit jumps 15% on higher operating income

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Share Price

The Saudi National Bank (SNB)

Financials (M)

Current Quarter Comparison (M)

Balance Sheet (B)

Financial results (Million)

Financial results (Million)

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Profitability

Balance Sheet (B)

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