Riyad Bank reported a net profit of SAR 4.991 billion for the first nine months of 2022, an increase of 13%, compared to SAR 4.408 billion in the prior-year period, driven by higher total operating income.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Net Special Commission Income | 6,223.54 | 7,200.79 | 15.7 % |
| Operating Income | 8,618.50 | 9,857.12 | 14.4 % |
| Total Provisions | (617.34) | (652.71) | (5.7 %) |
| Net Income | 4,408.02 | 4,991.49 | 13.2 % |
| Average Shares | 3,000.00 | 3,000.00 | - |
| EPS (Riyals) | 1.47 | 1.66 | 13.2 % |
| EPS Diluted (Riyals) | 1.47 | 1.64 | 11.6 % |
The bank’s Q3 2022 net profit increased by 19% year-on-year (YoY) to SAR 1.828 billion, due to a rise in total operating income and an increase in net special commission income, exchange income, net fee and commission income, and other operating earnings.
On a sequential basis, net profit grew 13.5%.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Net Special Commission Income | 1,981.71 | 2,672.19 | 34.8 % |
| Operating Income | 2,816.58 | 3,525.13 | 25.2 % |
| Debt Provisions | (138.62) | (203.53) | (46.8 %) |
| Net Income | 1,542.81 | 1,827.67 | 18.5 % |
| Average Shares | 3,000.00 | 3,000.00 | - |
| EPS (Riyals) | 0.51 | 0.61 | 18.5 % |
| EPS Diluted (Riyal) | 0.51 | 0.60 | 17.6 % |
Total shareholders' equity, after minority interest, grew to SAR 46.776 billion as of Sept. 30, 2022 from SAR 46.050 billion a year earlier.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Assets | 318.66 | 347.88 | 9.2 % |
| Customer Deposits | 204.00 | 235.89 | 15.6 % |
| Loan | 210.48 | 241.59 | 14.8 % |
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