Riyad Bank reported a net profit of SAR 3.83 billion in the first nine months of 2020, down 15% year-on-year (YoY) driven by increase in total operating expenses, which was partially offset by increase in the total operating income.
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Net Special Commission Income | 5,805.90 | 6,177.74 | 6.4 % |
| Operating Income | 8,012.40 | 8,415.41 | 5.0 % |
| Total Provisions | (635.27) | (1339.46) | (110.8 %) |
| Net Income | 4,490.89 | 3,835.46 | (14.6 %) |
| Average Shares | 3,000.00 | 3,000.00 | - |
| EPS (Riyals) | 1.50 | 1.28 | (14.6 %) |
| EPS Diluted (Riyals) | 1.50 | 1.28 | (14.7 %) |
| Item | Q3 2019 | Q3 2020 | Change |
|---|---|---|---|
| Net Special Commission Income | 2,034.23 | 2,072.67 | 1.9 % |
| Operating Income | 2,762.69 | 2,820.99 | 2.1 % |
| Debt Provisions | (189.84) | (466.07) | (145.5 %) |
| Net Income | 1,506.35 | 1,295.98 | (14.0 %) |
| Average Shares | 3,000.00 | 3,000.00 | - |
| EPS (Riyals) | 0.50 | 0.43 | (14.0 %) |
| EPS Diluted (Riyal) | 0.50 | 0.43 | (14.0 %) |
In Q3 2020, Riyad Bank’s net profit fell 14% YoY to SAR 1.3 billion mainly due to higher operating expenses.
On a sequential basis, Q3 profit rose 22%.
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Assets | 250.57 | 308.56 | 23.1 % |
| Customer Deposits | 177.67 | 201.29 | 13.3 % |
| Loan | 166.28 | 190.82 | 14.8 % |
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