Al Rajhi Bank’s net profit rises 21% in Q1 2019

23/04/2019 Argaam Exclusive

Al Rajhi Bank reported a net profit of SAR 2.89 billion for the first quarter of 2019, a 21 percent year-on-year increase on higher net special commission income and fees from banking services. 

When compared to previous quarter, net profit rose 4.1 percent due to higher net special commission income, and fees from banking services, while the net exchange income and other operating income has decreased.



Current Quarter Comparison (M)

Compared With The
Item Q1 2018 Q1 2019 Change‬
Net Income from investments and financial activities 3,441.33 3,943.96 14.6 %
Operating Income 4,142.41 4,638.94 12.0 %
Debt Provisions (450.43) (389.42) 13.5 %
Net Income 2,306.28 2,567.99 11.3 %
Average Shares 4,000.00 4,000.00 -
EPS (Riyals) 0.58 0.64 11.3 %

Balance Sheet (B)

Item 3m 2018 3m 2019 Change‬
Assets 348.43 363.05 4.2 %
Customer Deposits 283.94 293.50 3.4 %
Financing Investments 228.23 234.83 2.9 %

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