Alinma Bank’s net profit jumps 43% to SAR 1.352 bln in H1 2021

01/08/2021 Argaam Exclusive

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Alinma Bank (ALINMA)

Alinma Bank posted a net profit of SAR 1.352 billion for the first half of 2021, a rise of 43%, compared to a net profit of SAR 942.8 million in the prior-year period.

The increase was attributed to a rise in total operating income by 25.8%, due higher net financing and investment income, FVIS investment income, fee income, and other operating income.

Financials (M)

Item	6m 2020	6m 2021	Change‬
Net Income from investments and financial activities	2,248.46	2,438.07	8.4 %
Operating Income	2,591.70	3,257.38	25.7 %
Total Provisions	(551.48)	(683.57)	(24.0 %)
Net Income	942.75	1,352.17	43.4 %
Average Shares	2,500.00	2,500.00	-
EPS (Riyals)	0.38	0.54	43.4 %
EPS Diluted (Riyals)	0.38	0.54	42.1 %

On the other hand, the total operating expenses increased by 5.8% due to a rise in general and administrative expenses and salaries expenses. This was partly offset by a decrease in depreciation expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2020	Q2 2021	Change‬
Net Income from investments and financial activities	1,127.30	1,231.43	9.2 %
Operating Income	1,332.41	1,653.14	24.1 %
Debt Provisions	(192.79)	(336.80)	(74.7 %)
Net Income	572.49	710.33	24.1 %
Average Shares	2,500.00	2,500.00	-
EPS (Riyals)	0.23	0.28	24.1 %
EPS Diluted (Riyal)	0.23	0.28	21.7 %

Item	Q1 2021	Q2 2021	Change‬
Net Income from investments and financial activities	1,206.64	1,231.43	2.1 %
Operating Income	1,604.24	1,653.14	3.0 %
Debt Provisions	(346.77)	(336.80)	2.9 %
Net Income	641.84	710.33	10.7 %
Average Shares	2,500.00	2,500.00	-
EPS (Riyals)	0.26	0.28	10.7 %
EPS Diluted (Riyal)	0.26	0.28	7.7 %

The bank’s net profit rose 24% to SAR 710.3 million in Q2 2021, from SAR 572.5 million in Q2 2020, due to an increase in total operating income. Meanwhile, the total operating expenses increased by 3.9%.

Balance Sheet (B)

Item	6m 2020	6m 2021	Change‬
Assets	142.20	164.06	15.4 %
Customer Deposits	107.42	125.88	17.2 %
Financing Investments	103.18	119.62	15.9 %

On a sequential basis, Q2 2021 net profit rose 10.7% from SAR 641.8 million.

Financial results (Million)

Period	Net Income from investments and financial activities	Change	Operating Income	Change	Debt Provisions	Change	Net Income	Change	EPS(Riyal)
Q1 2012	330.36	50.7 %	393.08	50.2 %	(16.88)	(743.8 %)	150.48	114.3 %	0.06
Q2 2012	346.36	24.7 %	484.15	57.6 %	(67.41)	(1,238.9 %)	179.42	75.0 %	0.07
Q3 2012	407.10	36.3 %	459.10	38.2 %	(44.07)	(681.9 %)	195.65	60.0 %	0.08
Q4 2012	433.31	37.2 %	489.72	0.5 %	(26.01)	76.8 %	207.61	52.3 %	0.08
2012	1,517.13	36.5 %	1,826.05	31.5 %	(154.37)	(23.8 %)	733.15	70.0 %	0.29
Q1 2013	443.27	34.2 %	521.71	32.7 %	(51.03)	(202.4 %)	221.41	47.1 %	0.09
Q2 2013	456.91	31.9 %	559.13	15.5 %	(60.49)	10.3 %	241.46	34.6 %	0.10
Q3 2013	460.46	13.1 %	542.46	18.2 %	(28.31)	35.8 %	262.03	33.9 %	0.10
Q4 2013	474.20	9.4 %	655.78	33.9 %	(134.40)	(416.6 %)	279.86	34.8 %	0.11
2013	1,834.84	20.9 %	2,279.08	24.8 %	(274.22)	(77.6 %)	1,004.76	37.0 %	0.40
Q1 2014	512.62	15.6 %	599.84	15.0 %	(24.98)	51.1 %	292.84	32.3 %	0.12
Q2 2014	501.80	9.8 %	611.44	9.4 %	(15.65)	74.1 %	307.66	27.4 %	0.12
Q3 2014	529.49	15.0 %	687.33	26.7 %	(50.65)	(78.9 %)	331.34	26.4 %	0.13
Q4 2014	531.05	12.0 %	721.31	10.0 %	(70.40)	47.6 %	332.60	18.8 %	0.13
2014	2,074.95	13.1 %	2,619.84	15.0 %	(161.67)	41.0 %	1,264.43	25.8 %	0.51
Q1 2015	550.00	7.3 %	729.60	21.6 %	(70.12)	(180.8 %)	344.11	17.5 %	0.14
Q2 2015	610.46	21.7 %	845.51	38.3 %	(78.13)	(399.3 %)	364.76	18.6 %	0.15
Q3 2015	547.52	3.4 %	707.94	3.0 %	(10.33)	79.6 %	375.19	13.2 %	0.15
Q4 2015	570.72	7.5 %	779.70	8.1 %	(37.59)	46.6 %	385.92	16.0 %	0.15
2015	2,278.69	9.8 %	3,062.74	16.9 %	(196.17)	(21.3 %)	1,469.98	16.3 %	0.59
Q1 2016	611.17	11.1 %	734.32	0.6 %	(13.03)	81.4 %	391.32	13.7 %	0.16
Q2 2016	626.79	2.7 %	819.89	(3.0 %)	(24.70)	68.4 %	409.12	12.2 %	0.16
Q3 2016	687.54	25.6 %	828.72	17.1 %	(41.43)	(301.2 %)	311.61	(16.9 %)	0.12
Q4 2016	726.60	27.3 %	944.88	21.2 %	(115.99)	(208.5 %)	390.22	1.1 %	0.16
2016	2,652.10	16.4 %	3,327.80	8.7 %	(195.15)	0.5 %	1,502.27	2.2 %	0.60
Q1 2017	814.43	33.3 %	1,004.85	36.8 %	(124.24)	(853.2 %)	421.32	7.7 %	0.17
Q2 2017	834.22	33.1 %	1,006.70	22.8 %	(119.54)	(384.0 %)	488.22	19.3 %	0.20
Q3 2017	877.17	27.6 %	1,062.75	28.2 %	(104.65)	(152.6 %)	541.76	73.9 %	0.22
Q4 2017	967.21	33.1 %	1,298.66	37.4 %	(210.06)	(81.1 %)	560.05	43.5 %	0.22
2017	3,493.02	31.7 %	4,372.96	31.4 %	(558.48)	(186.2 %)	2,011.36	33.9 %	0.80
Q1 2018	896.28	10.1 %	1,109.76	10.4 %	(89.47)	28.0 %	567.27	34.6 %	0.23
Q2 2018	942.39	13.0 %	1,231.00	22.3 %	(162.76)	(36.2 %)	605.79	24.1 %	0.24
Q3 2018	987.21	12.5 %	1,211.70	14.0 %	(98.24)	6.1 %	636.93	17.6 %	0.25
Q4 2018	971.95	0.5 %	1,292.46	(0.5 %)	(41.92)	80.0 %	1,046.96	86.9 %	0.42
2018	3,797.83	8.7 %	4,844.92	10.8 %	(392.80)	29.7 %	2,856.95	42.0 %	1.14
Q1 2019	976.43	8.9 %	1,289.64	16.2 %	(65.40)	26.9 %	637.84	12.4 %	0.26
Q2 2019	1,066.01	13.1 %	1,364.21	10.8 %	(141.66)	13.0 %	675.67	11.5 %	0.27
Q3 2019	1,138.86	15.4 %	1,440.97	18.9 %	(108.31)	(10.2 %)	712.78	11.9 %	0.29
Q4 2019	1,141.93	17.5 %	1,515.34	17.2 %	(385.11)	(818.6 %)	508.53	(51.4 %)	0.20
2019	4,323.22	13.8 %	5,610.16	15.8 %	(700.48)	(78.3 %)	2,534.81	(11.3 %)	1.01
Q1 2020	1,121.16	14.8 %	1,259.28	(2.4 %)	(358.69)	(448.5 %)	370.27	(41.9 %)	0.15
Q2 2020	1,127.30	5.8 %	1,332.41	(2.3 %)	(192.79)	(36.1 %)	572.49	(15.3 %)	0.23
Q3 2020	1,185.15	4.1 %	1,479.84	2.7 %	(231.00)	(113.3 %)	629.25	(11.7 %)	0.25
Q4 2020	1,214.21	6.3 %	1,610.11	6.3 %	(636.70)	(65.3 %)	393.99	(22.5 %)	0.16
2020	4,647.82	7.5 %	5,681.64	1.3 %	(1,419.18)	(102.6 %)	1,965.99	(22.4 %)	0.79
Q1 2021	1,206.64	7.6 %	1,604.24	27.4 %	(346.77)	3.3 %	641.84	73.3 %	0.26
Q2 2021	1,231.43	9.2 %	1,653.14	24.1 %	(336.80)	(74.7 %)	710.33	24.1 %	0.28

Period	Net Income from investments and financial activities	Change	Operating Income	Change	Debt Provisions	Change	Net Income	Change	EPS(Riyal)
2011	1,111.57	111.7 %	1,388.27	109.6 %	(124.73)	(4,057.8 %)	431.33	2735.6 %	0.17
2012	1,517.13	36.5 %	1,826.05	31.5 %	(154.37)	(23.8 %)	733.15	70.0 %	0.29
2013	1,834.84	20.9 %	2,279.08	24.8 %	(274.22)	(77.6 %)	1,004.76	37.0 %	0.40
2014	2,074.95	13.1 %	2,619.84	15.0 %	(161.67)	41.0 %	1,264.43	25.8 %	0.51
2015	2,278.69	9.8 %	3,062.74	16.9 %	(196.17)	(21.3 %)	1,469.98	16.3 %	0.59
2016	2,652.10	16.4 %	3,327.80	8.7 %	(195.15)	0.5 %	1,502.27	2.2 %	0.60
2017	3,493.02	31.7 %	4,372.96	31.4 %	(558.48)	(186.2 %)	2,011.36	33.9 %	0.80
2018	3,797.83	8.7 %	4,844.92	10.8 %	(392.80)	29.7 %	2,856.95	42.0 %	1.14
2019	4,323.22	13.8 %	5,610.16	15.8 %	(700.48)	(78.3 %)	2,534.81	(11.3 %)	1.01
2020	4,647.82	7.5 %	5,681.64	1.3 %	(1,419.18)	(102.6 %)	1,965.99	(22.4 %)	0.79

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
Q1 2012	1.47 %	3.24 %	39.27 %
Q2 2012	1.54 %	3.69 %	42.61 %
Q3 2012	1.58 %	4.11 %	43.96 %
Q4 2012	1.61 %	4.50 %	44.83 %
2012	1.61 %	4.50 %	44.83 %
Q1 2013	1.67 %	4.88 %	45.54 %
Q2 2013	1.70 %	5.19 %	45.78 %
Q3 2013	1.71 %	5.51 %	47.66 %
Q4 2013	1.72 %	6.00 %	49.72 %
2013	1.72 %	6.00 %	49.72 %
Q1 2014	1.77 %	6.32 %	51.32 %
Q2 2014	1.78 %	6.61 %	53.15 %
Q3 2014	1.80 %	6.88 %	54.49 %
Q4 2014	1.76 %	7.27 %	55.32 %
2014	1.76 %	7.27 %	55.32 %
Q1 2015	1.76 %	7.60 %	56.31 %
Q2 2015	1.80 %	7.76 %	55.92 %
Q3 2015	1.79 %	7.86 %	57.08 %
Q4 2015	1.73 %	8.10 %	57.71 %
2015	1.73 %	8.10 %	57.71 %
Q1 2016	1.73 %	8.57 %	56.87 %
Q2 2016	1.73 %	8.60 %	55.56 %
Q3 2016	1.62 %	8.11 %	48.01 %
Q4 2016	1.55 %	8.01 %	43.10 %
2016	1.55 %	8.01 %	43.10 %
Q1 2017	1.56 %	8.17 %	40.73 %
Q2 2017	1.54 %	8.55 %	40.59 %
Q3 2017	1.72 %	9.55 %	44.75 %
Q4 2017	1.83 %	10.18 %	47.27 %
2017	1.83 %	10.18 %	47.27 %
Q1 2018	1.97 %	10.85 %	49.48 %
Q2 2018	2.00 %	11.70 %	50.27 %
Q3 2018	2.05 %	11.83 %	49.86 %
Q4 2018	2.42 %	13.72 %	58.38 %
2018	2.42 %	13.72 %	58.38 %
Q1 2019	2.48 %	14.41 %	57.73 %
Q2 2019	2.50 %	14.71 %	57.09 %
Q3 2019	2.48 %	14.58 %	56.87 %
Q4 2019	2.00 %	11.59 %	45.78 %
2019	2.00 %	11.59 %	45.78 %
Q1 2020	1.75 %	10.49 %	40.18 %
Q2 2020	1.63 %	9.71 %	38.51 %
Q3 2020	1.51 %	9.05 %	37.61 %
Q4 2020	1.36 %	8.39 %	35.94 %
2020	1.36 %	8.39 %	35.94 %
Q1 2021	1.50 %	9.35 %	41.24 %
Q2 2021	1.55 %	9.78 %	43.62 %

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
2011	1.36 %	2.74 %	36.42 %
2012	1.61 %	4.50 %	44.83 %
2013	1.72 %	6.00 %	49.72 %
2014	1.76 %	7.27 %	55.32 %
2015	1.73 %	8.10 %	57.71 %
2016	1.55 %	8.01 %	43.10 %
2017	1.83 %	10.18 %	47.27 %
2018	2.42 %	13.72 %	58.38 %
2019	2.00 %	11.59 %	45.78 %
2020	1.36 %	8.39 %	35.94 %

Balance Sheet (B)

Period	Assets	Change	Customer Deposits	Change	Financing Investments	Change
Q1 2012	39.87	34.7 %	21.33	88.5 %	27.61	35.5 %
Q2 2012	44.19	36.6 %	25.96	96.2 %	30.03	33.5 %
Q3 2012	49.85	47.3 %	28.57	80.2 %	35.00	45.4 %
Q4 2012	54.01	46.8 %	32.21	81.2 %	37.19	47.2 %
Q1 2013	56.24	41.0 %	34.36	61.1 %	39.42	42.8 %
Q2 2013	57.94	31.1 %	36.47	40.4 %	41.57	38.4 %
Q3 2013	59.14	18.6 %	37.62	31.7 %	41.91	19.8 %
Q4 2013	63.00	16.6 %	42.76	32.7 %	44.92	20.8 %
Q1 2014	65.44	16.4 %	45.14	31.4 %	45.81	16.2 %
Q2 2014	70.60	21.8 %	48.98	34.3 %	49.01	17.9 %
Q3 2014	75.46	27.6 %	53.39	41.9 %	50.22	19.8 %
Q4 2014	80.86	28.3 %	59.43	39.0 %	53.64	19.4 %
Q1 2015	83.69	27.9 %	61.56	36.4 %	55.01	20.1 %
Q2 2015	81.84	15.9 %	60.59	23.7 %	53.39	8.9 %
Q3 2015	82.39	9.2 %	60.38	13.1 %	53.47	6.5 %
Q4 2015	88.72	9.7 %	65.69	10.5 %	57.01	6.3 %
Q1 2016	91.61	9.5 %	68.79	11.7 %	60.25	9.5 %
Q2 2016	98.19	20.0 %	74.17	22.4 %	66.49	24.5 %
Q3 2016	102.94	24.9 %	77.32	28.1 %	69.27	29.6 %
Q4 2016	104.73	18.0 %	80.61	22.7 %	70.31	23.3 %
Q1 2017	105.08	14.7 %	81.45	18.4 %	73.54	22.1 %
Q2 2017	111.18	13.2 %	85.78	15.7 %	76.96	15.8 %
Q3 2017	111.12	8.0 %	87.23	12.8 %	77.81	12.3 %
Q4 2017	114.75	9.6 %	89.06	10.5 %	79.06	12.4 %
Q1 2018	113.94	8.4 %	89.34	9.7 %	79.01	7.4 %
Q2 2018	116.78	5.0 %	88.94	3.7 %	82.13	6.7 %
Q3 2018	120.21	8.2 %	89.87	3.0 %	83.17	6.9 %
Q4 2018	121.54	5.9 %	90.13	1.2 %	83.89	6.1 %
Q1 2019	121.79	6.9 %	92.26	3.3 %	85.88	8.7 %
Q2 2019	123.48	5.7 %	92.82	4.4 %	87.67	6.7 %
Q3 2019	128.01	6.5 %	99.84	11.1 %	90.78	9.2 %
Q4 2019	131.84	8.5 %	102.06	13.2 %	94.80	13.0 %
Q1 2020	138.02	13.3 %	103.87	12.6 %	97.78	13.9 %
Q2 2020	142.20	15.2 %	107.42	15.7 %	103.18	17.7 %
Q3 2020	147.85	15.5 %	111.32	11.5 %	105.33	16.0 %
Q4 2020	156.88	19.0 %	119.45	17.0 %	111.20	17.3 %
Q1 2021	159.95	15.9 %	120.71	16.2 %	117.15	19.8 %
Q2 2021	164.06	15.4 %	125.88	17.2 %	119.62	15.9 %

Period	Assets	Change	Customer Deposits	Change	Financing Investments	Change
3m 2012	39.87	34.7 %	21.33	88.5 %	27.61	35.5 %
6m 2012	44.19	36.6 %	25.96	96.2 %	30.03	33.5 %
9m 2012	49.85	47.3 %	28.57	80.2 %	35.00	45.4 %
12m 2012	54.01	46.8 %	32.21	81.2 %	37.19	47.2 %
3m 2013	56.24	41.0 %	34.36	61.1 %	39.42	42.8 %
6m 2013	57.94	31.1 %	36.47	40.4 %	41.57	38.4 %
9m 2013	59.14	18.6 %	37.62	31.7 %	41.91	19.8 %
12m 2013	63.00	16.6 %	42.76	32.7 %	44.92	20.8 %
3m 2014	65.44	16.4 %	45.14	31.4 %	45.81	16.2 %
6m 2014	70.60	21.8 %	48.98	34.3 %	49.01	17.9 %
9m 2014	75.46	27.6 %	53.39	41.9 %	50.22	19.8 %
12m 2014	80.86	28.3 %	59.43	39.0 %	53.64	19.4 %
3m 2015	83.69	27.9 %	61.56	36.4 %	55.01	20.1 %
6m 2015	81.84	15.9 %	60.59	23.7 %	53.39	8.9 %
9m 2015	82.39	9.2 %	60.38	13.1 %	53.47	6.5 %
12m 2015	88.72	9.7 %	65.69	10.5 %	57.01	6.3 %
3m 2016	91.61	9.5 %	68.79	11.7 %	60.25	9.5 %
6m 2016	98.19	20.0 %	74.17	22.4 %	66.49	24.5 %
9m 2016	102.94	24.9 %	77.32	28.1 %	69.27	29.6 %
12m 2016	104.73	18.0 %	80.61	22.7 %	70.31	23.3 %
3m 2017	105.08	14.7 %	81.45	18.4 %	73.54	22.1 %
6m 2017	111.18	13.2 %	85.78	15.7 %	76.96	15.8 %
9m 2017	111.12	8.0 %	87.23	12.8 %	77.81	12.3 %
12m 2017	114.75	9.6 %	89.06	10.5 %	79.06	12.4 %
3m 2018	113.94	8.4 %	89.34	9.7 %	79.01	7.4 %
6m 2018	116.78	5.0 %	88.94	3.7 %	82.13	6.7 %
9m 2018	120.21	8.2 %	89.87	3.0 %	83.17	6.9 %
12m 2018	121.54	5.9 %	90.13	1.2 %	83.89	6.1 %
3m 2019	121.79	6.9 %	92.26	3.3 %	85.88	8.7 %
6m 2019	123.48	5.7 %	92.82	4.4 %	87.67	6.7 %
9m 2019	128.01	6.5 %	99.84	11.1 %	90.78	9.2 %
12m 2019	131.84	8.5 %	102.06	13.2 %	94.80	13.0 %
3m 2020	138.02	13.3 %	103.87	12.6 %	97.78	13.9 %
6m 2020	142.20	15.2 %	107.42	15.7 %	103.18	17.7 %
9m 2020	147.85	15.5 %	111.32	11.5 %	105.33	16.0 %
12m 2020	156.88	19.0 %	119.45	17.0 %	111.20	17.3 %
3m 2021	159.95	15.9 %	120.71	16.2 %	117.15	19.8 %
6m 2021	164.06	15.4 %	125.88	17.2 %	119.62	15.9 %

Period	Assets	Change	Customer Deposits	Change	Financing Investments	Change
2011	36.78	37.9 %	17.78	113.8 %	25.26	62.0 %
2012	54.01	46.8 %	32.21	81.2 %	37.19	47.2 %
2013	63.00	16.6 %	42.76	32.7 %	44.92	20.8 %
2014	80.86	28.3 %	59.43	39.0 %	53.64	19.4 %
2015	88.72	9.7 %	65.69	10.5 %	57.01	6.3 %
2016	104.73	18.0 %	80.61	22.7 %	70.31	23.3 %
2017	114.75	9.6 %	89.06	10.5 %	79.06	12.4 %
2018	121.54	5.9 %	90.13	1.2 %	83.89	6.1 %
2019	131.84	8.5 %	102.06	13.2 %	94.80	13.0 %
2020	156.88	19.0 %	119.45	17.0 %	111.20	17.3 %

Ratios

Period	Customer Deposits Per Total Assets	Financing Investments/Customer Deposits	Financing Investments/Total Assets
Q1 2012	53.49 %	129.43 %	69.24 %
Q2 2012	58.75 %	115.68 %	67.96 %
Q3 2012	57.31 %	122.51 %	70.21 %
Q4 2012	59.64 %	115.44 %	68.85 %
Q1 2013	61.10 %	114.72 %	70.09 %
Q2 2013	62.94 %	113.99 %	71.74 %
Q3 2013	63.61 %	111.41 %	70.87 %
Q4 2013	67.88 %	105.05 %	71.31 %
Q1 2014	68.97 %	101.49 %	70.00 %
Q2 2014	69.37 %	100.07 %	69.42 %
Q3 2014	70.75 %	94.07 %	66.55 %
Q4 2014	73.49 %	90.26 %	66.33 %
Q1 2015	73.56 %	89.37 %	65.74 %
Q2 2015	74.03 %	88.11 %	65.23 %
Q3 2015	73.28 %	88.56 %	64.90 %
Q4 2015	74.04 %	86.77 %	64.25 %
Q1 2016	75.08 %	87.59 %	65.77 %
Q2 2016	75.54 %	89.65 %	67.72 %
Q3 2016	75.11 %	89.60 %	67.30 %
Q4 2016	76.97 %	87.22 %	67.14 %
Q1 2017	77.51 %	90.30 %	69.99 %
Q2 2017	77.16 %	89.72 %	69.22 %
Q3 2017	78.50 %	89.20 %	70.02 %
Q4 2017	77.62 %	88.77 %	68.90 %
Q1 2018	78.41 %	88.44 %	69.34 %
Q2 2018	76.16 %	92.34 %	70.33 %
Q3 2018	74.76 %	92.55 %	69.19 %
Q4 2018	74.16 %	93.08 %	69.02 %
Q1 2019	75.75 %	93.08 %	70.51 %
Q2 2019	75.17 %	94.45 %	71.00 %
Q3 2019	77.99 %	90.93 %	70.92 %
Q4 2019	77.41 %	92.89 %	71.91 %
Q1 2020	75.26 %	94.14 %	70.85 %
Q2 2020	75.54 %	96.05 %	72.56 %
Q3 2020	75.29 %	94.62 %	71.24 %
Q4 2020	76.15 %	93.09 %	70.88 %
Q1 2021	75.46 %	97.05 %	73.24 %
Q2 2021	76.73 %	95.03 %	72.92 %

Period	Customer Deposits Per Total Assets	Financing Investments/Customer Deposits	Financing Investments/Total Assets
2011	48.33 %	142.09 %	68.67 %
2012	59.64 %	115.44 %	68.85 %
2013	67.88 %	105.05 %	71.31 %
2014	73.49 %	90.26 %	66.33 %
2015	74.04 %	86.77 %	64.25 %
2016	76.97 %	87.22 %	67.14 %
2017	77.62 %	88.77 %	68.90 %
2018	74.16 %	93.08 %	69.02 %
2019	77.41 %	92.89 %	71.91 %
2020	76.15 %	93.09 %	70.88 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
Q1 2012	2,500.00	0.20	0.20	-	6.43
Q2 2012	2,500.00	0.24	0.24	-	6.49
Q3 2012	2,500.00	0.26	0.26	-	6.58
Q4 2012	2,500.00	0.29	0.29	-	6.67
Q1 2013	2,500.00	0.32	0.32	-	6.76
Q2 2013	2,500.00	0.35	0.35	-	6.85
Q3 2013	2,500.00	0.37	0.37	-	6.97
Q4 2013	2,500.00	0.40	0.40	-	6.73
Q1 2014	2,500.00	0.43	0.43	-	6.86
Q2 2014	2,500.00	0.46	0.46	-	6.98
Q3 2014	2,500.00	0.48	0.48	-	7.12
Q4 2014	2,500.00	0.51	0.51	-	7.18
Q1 2015	2,500.00	0.53	0.53	-	6.98
Q2 2015	2,500.00	0.55	0.55	-	7.16
Q3 2015	2,500.00	0.57	0.57	-	7.29
Q4 2015	2,500.00	0.59	0.59	-	7.34
Q1 2016	2,500.00	0.61	0.61	-	7.18
Q2 2016	2,500.00	0.62	0.62	-	7.36
Q3 2016	2,500.00	0.60	0.60	-	7.49
Q4 2016	2,500.00	0.60	0.60	-	7.67
Q1 2017	2,500.00	0.61	0.61	-	7.83
Q2 2017	2,500.00	0.64	0.64	-	7.71
Q3 2017	2,500.00	0.74	0.74	-	7.94
Q4 2017	2,500.00	0.80	0.80	-	8.14
Q1 2018	2,500.00	0.86	0.86	-	8.07
Q2 2018	2,500.00	0.91	0.91	-	7.84
Q3 2018	2,500.00	0.95	0.95	-	8.08
Q4 2018	2,500.00	1.14	0.92	-	8.52
Q1 2019	2,500.00	1.17	0.95	-	8.18
Q2 2019	2,500.00	1.20	0.98	-	8.47
Q3 2019	2,500.00	1.23	1.01	-	8.77
Q4 2019	2,500.00	1.01	1.01	1.02	8.98
Q1 2020	2,500.00	0.91	0.91	0.91	9.11
Q2 2020	2,500.00	0.87	0.87	0.87	9.35
Q3 2020	2,500.00	0.83	0.83	0.83	9.62
Q4 2020	2,500.00	0.79	0.79	0.79	9.77
Q1 2021	2,500.00	0.90	0.90	0.90	10.03
Q2 2021	2,500.00	0.95	0.95	0.95	10.08

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
2011	2,500.00	0.17	0.17	-	6.36
2012	2,500.00	0.29	0.29	-	6.67
2013	2,500.00	0.40	0.40	-	6.73
2014	2,500.00	0.51	0.51	-	7.18
2015	2,500.00	0.59	0.59	-	7.34
2016	2,500.00	0.60	0.60	-	7.67
2017	2,500.00	0.80	0.80	-	8.14
2018	2,500.00	1.14	0.92	-	8.52
2019	2,500.00	1.01	1.01	1.01	8.98
2020	2,500.00	0.79	0.79	0.79	9.77

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2012	45.74	45.74	1.46
Q2 2012	31.22	31.22	1.13
Q3 2012	29.35	29.35	1.18
Q4 2012	26.29	26.29	1.16
Q1 2013	24.62	24.62	1.17
Q2 2013	23.64	23.64	1.20
Q3 2013	22.60	22.60	1.21
Q4 2013	22.24	22.24	1.33
Q1 2014	25.99	25.99	1.63
Q2 2014	23.91	23.91	1.56
Q3 2014	30.40	30.40	2.07
Q4 2014	24.19	24.19	1.70
Q1 2015	25.14	25.14	1.89
Q2 2015	24.67	24.67	1.89
Q3 2015	17.83	17.83	1.39
Q4 2015	15.07	15.07	1.21
Q1 2016	12.67	12.67	1.07
Q2 2016	12.55	12.55	1.07
Q3 2016	11.40	11.40	0.91
Q4 2016	15.05	15.05	1.18
Q1 2017	14.70	14.70	1.15
Q2 2017	14.18	14.18	1.18
Q3 2017	14.23	14.23	1.32
Q4 2017	14.27	14.27	1.41
Q1 2018	14.32	14.32	1.53
Q2 2018	14.12	14.12	1.64
Q3 2018	13.62	13.62	1.60
Q4 2018	12.07	14.98	1.62
Q1 2019	12.43	15.35	1.78
Q2 2019	12.31	15.12	1.74
Q3 2019	10.97	13.40	1.54
Q4 2019	14.91	14.91	1.69
Q1 2020	13.71	13.71	1.37
Q2 2020	13.37	13.37	1.24
Q3 2020	15.75	15.75	1.36
Q4 2020	16.38	16.38	1.32
Q1 2021	16.36	16.36	1.47
Q2 2021	17.72	17.72	1.67

Period	P/E	Adjusted P/E	Price/book
2011	32.52	32.52	0.88
2012	26.29	26.29	1.16
2013	22.24	22.24	1.33
2014	24.19	24.19	1.70
2015	15.07	15.07	1.21
2016	15.05	15.05	1.18
2017	14.27	14.27	1.41
2018	12.07	14.98	1.62
2019	15.06	15.06	1.69
2020	16.38	16.38	1.32

Business Segments (Million)

Compared With The

Period	Retail	Corporate and Institutional Banking	Global markets and Treasury	Investment Banking and Brokerage	Others..
Q1 2012	85.88	162.19	81.98	6.30	56.74
Q2 2012	99.58	254.50	65.85	8.44	55.78
Q3 2012	109.11	205.78	77.24	8.21	58.77
Q4 2012	159.16	355.93	130.58	15.34	(171.28)
Q1 2013	145.56	267.62	103.74	4.79	-
Q2 2013	159.00	269.96	112.21	17.96	-
Q3 2013	163.71	265.82	102.78	10.15	-
Q4 2013	163.15	321.84	162.65	8.14	-
Q1 2014	186.32	270.65	133.18	9.69	-
Q2 2014	211.90	266.07	107.79	25.61	-
Q3 2014	217.99	326.18	116.88	26.28	-
Q4 2014	224.12	332.08	137.48	27.63	-
Q1 2015	247.68	326.48	123.74	31.70	-
Q2 2015	264.91	380.71	163.50	36.38	-
Q3 2015	266.23	333.07	78.56	30.08	-
Q4 2015	262.89	394.75	87.07	35.00	-
Q1 2016	271.68	317.10	105.45	40.10	-
Q2 2016	279.19	357.18	139.50	44.01	-
Q3 2016	296.86	369.34	121.78	40.73	-
Q4 2016	287.93	396.96	199.08	60.90	-
Q1 2017	381.21	424.83	147.59	51.22	-
Q2 2017	388.98	400.06	170.34	47.33	-
Q3 2017	419.81	416.05	180.54	46.35	-
Q4 2017	431.88	459.06	218.35	189.37	-
Q1 2018	451.77	384.81	205.15	68.03	-
Q2 2018	462.86	444.90	222.57	100.68	-
Q3 2018	502.29	452.86	146.49	110.06	-
Q4 2018	482.34	298.75	439.46	71.90	-
Q1 2019	591.63	437.92	174.13	85.95	-
Q2 2019	613.57	412.84	258.85	78.95	-
Q3 2019	636.28	478.53	241.64	84.52	-
Q4 2019	625.88	470.10	292.43	126.94	-
Q1 2020	704.81	422.91	32.69	107.63	-
Q2 2020	575.08	407.84	218.76	121.98	-
Q3 2020	609.10	531.29	199.35	140.09	-
Q4 2020	737.85	505.40	203.40	163.46	-
Q1 2021	676.62	504.98	243.84	180.82	-
Q2 2021	604.14	592.09	284.39	170.50	-

Period	Retail	Corporate and Institutional Banking	Global markets and Treasury	Investment Banking and Brokerage	Others..
2011	300.87	805.21	266.94	15.25	-
2012	453.73	978.40	355.64	38.29	-
2013	631.42	1,125.24	481.39	41.04	-
2014	840.32	1,194.98	495.33	89.20	-
2015	1,041.71	1,435.02	452.87	133.15	-
2016	1,135.67	1,440.59	565.81	185.74	-
2017	1,621.88	1,700.00	716.81	334.27	-
2018	1,899.26	1,581.33	1,013.66	350.67	-
2019	2,467.37	1,799.39	967.05	376.36	-
2020	2,626.85	1,867.43	654.20	533.16	-

Analysts Estimates (Million)

Item	Q2 2021 (e)	Q2 2021 (a)	Change‬
Average	667.88	710.33	6.36 %

Estimates vs Actual (Million)

Item	Q2 2021 (e)	Q2 2021 (a)	Change
OSOOL AND BAKHEET	713.50	710.33	(0.4) %
SNB Capital	704.00	710.33	0.9 %
FAB Securities	678.00	710.33	4.8 %
AlJazira Capital	656.90	710.33	8.1 %
Riyad Capital	587.00	710.33	21.0 %

Financial Ratios

	Current
Market Cap (M)	79,250.00
Shares Outstanding ((M))	2,500.00
EPS ( Riyal) (TTM)	2.07
EPS Diluted ( Riyal) (TTM)	2.01
Book Value (BV) ( Riyal)	12.24
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	15.29
P/E (TTM)	15.29
Price/book	2.59
Return on Average Assets (%) (TTM)	2.3
Return on Average Equity (%) (TTM)	17.6

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Alinma Bank’s net profit jumps 43% to SAR 1.352 bln in H1 2021

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Alinma Bank’s net profit jumps 43% to SAR 1.352 bln in H1 2021

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Share Price

Alinma Bank (ALINMA)

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Current Quarter Comparison (M)

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Financial results (Million)

Financial results (Million)

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Profitability

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