Al Rajhi Bank reported an annual net profit of SAR 10.596 billion for 2020, a rise of 4%, compared to a net profit of SAR 10.158 billion a year earlier.
The higher net profit was spurred by a 6.3% year-on-year (YoY) increase in total operating income, amid a rise in net special commission income, income fees from banking services, net exchange income, and other operating income.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 16,427.72 | 16,913.02 | 3.0 % |
| Operating Income | 19,484.46 | 20,721.26 | 6.3 % |
| Total Provisions | (1772.27) | (2165.74) | (22.2 %) |
| Net Income | 10,158.53 | 10,595.55 | 4.3 % |
| Average Shares | 4,000.00 | 4,000.00 | - |
| EPS (Riyals) | 2.54 | 2.65 | 4.3 % |
The fourth-quarter net profit jumped 35% YoY to SAR 3.121 billion.
Shareholders’ equity, excluding minority interest, increased by 13.5% YoY to SAR 58.119 billion by the end of 2020.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 4,259.46 | 4,638.39 | 8.9 % |
| Operating Income | 5,003.18 | 5,793.81 | 15.8 % |
| Debt Provisions | (664.95) | (550.04) | 17.3 % |
| Net Income | 2,317.81 | 3,121.45 | 34.7 % |
| Average Shares | 4,000.00 | 4,000.00 | - |
| EPS (Riyals) | 0.58 | 0.78 | 34.7 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 4,196.45 | 4,638.39 | 10.5 % |
| Operating Income | 5,152.13 | 5,793.81 | 12.5 % |
| Debt Provisions | (464.94) | (550.04) | (18.3 %) |
| Net Income | 2,657.85 | 3,121.45 | 17.4 % |
| Average Shares | 4,000.00 | 4,000.00 | - |
| EPS (Riyals) | 0.66 | 0.78 | 17.4 % |
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | 384.09 | 468.82 | 22.1 % |
| Customer Deposits | 312.41 | 382.63 | 22.5 % |
| Financing Investments | 249.68 | 315.71 | 26.4 % |
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