Al Rajhi Bank H1 2021 net profit rises 44% to SAR 6.94 bln

01/08/2021 Argaam Exclusive

View other reports

Al Rajhi Bank reported a net profit of SAR 6.94 billion for the first half of 2021, up 44% from SAR 4.816 billion in year-earlier period.

The bank attributed the profit rise to an increase in total operating income by 25.7% backed by higher net financing and investment income, fees from banking services, and other operating income.

Total operating expenses increased by 3.1% due to a rise in salaries and employees’ related expenses, and other general and administrative expenses.

Financials (M)

Item	6m 2020	6m 2021	Change‬
Net Income from investments and financial activities	8,078.18	9,822.33	21.6 %
Operating Income	9,775.33	12,283.90	25.7 %
Total Provisions	(1150.76)	(1160.96)	(0.9 %)
Net Income	4,816.25	6,940.17	44.1 %
Average Shares	4,000.00	4,000.00	-
EPS (Riyals)	1.20	1.74	44.1 %

In Q2 2021, Al Rajhi Bank’s net profit increased by 48% to SAR 3.60 billion, compared to SAR 2.43 billion in Q2 2020, on higher total operating income due to a rise in net financing and investment income.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2020	Q2 2021	Change‬
Net Income from investments and financial activities	3,967.69	5,051.78	27.3 %
Operating Income	4,807.76	6,336.32	31.8 %
Debt Provisions	(457.96)	(583.97)	(27.5 %)
Net Income	2,436.10	3,604.69	48.0 %
Average Shares	4,000.00	4,000.00	-
EPS (Riyals)	0.61	0.90	48.0 %

Item	Q1 2021	Q2 2021	Change‬
Net Income from investments and financial activities	4,770.55	5,051.78	5.9 %
Operating Income	5,947.58	6,336.32	6.5 %
Debt Provisions	(576.99)	(583.97)	(1.2 %)
Net Income	3,335.49	3,604.69	8.1 %
Average Shares	4,000.00	4,000.00	-
EPS (Riyals)	0.83	0.90	8.1 %

When compared to the previous quarter, Q2 net profit grew 8%, thanks to a rise in total operating income by 6.5%.

Balance Sheet (B)

Item	6m 2020	6m 2021	Change‬
Assets	417.68	546.14	30.8 %
Customer Deposits	334.66	447.51	33.7 %
Financing Investments	274.93	390.30	42.0 %

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	2,327.71	4.2 %	3,427.44	16.7 %	(466.75)	(33.6 %)	2,011.33	18.3 %	0.50
Q2 2012	2,272.28	0.0 %	3,427.15	12.3 %	(378.30)	(9.1 %)	2,092.98	13.6 %	0.52
Q3 2012	2,367.30	3.2 %	3,638.64	14.0 %	(829.72)	(103.1 %)	1,869.30	(3.4 %)	0.47
Q4 2012	2,373.60	4.5 %	3,489.79	5.0 %	(644.39)	(19.2 %)	1,911.10	0.6 %	0.48
2012	9,340.89	3.0 %	13,983.02	11.8 %	(2,319.17)	(41.0 %)	7,884.71	6.9 %	1.97
Q1 2013	2,359.88	1.4 %	3,441.26	0.4 %	(396.86)	15.0 %	2,051.69	2.0 %	0.51
Q2 2013	2,394.49	5.4 %	3,434.88	0.2 %	(308.21)	18.5 %	2,122.72	1.4 %	0.53
Q3 2013	2,425.27	2.4 %	3,427.61	(5.8 %)	(695.82)	16.1 %	1,717.02	(8.1 %)	0.43
Q4 2013	2,469.42	4.0 %	3,541.28	1.5 %	(948.79)	(47.2 %)	1,546.56	(19.1 %)	0.39
2013	9,649.07	3.3 %	13,845.04	(1.0 %)	(2,349.69)	(1.3 %)	7,437.99	(5.7 %)	1.86
Q1 2014	2,426.42	2.8 %	3,497.93	1.6 %	(693.89)	(74.8 %)	1,705.80	(16.9 %)	0.43
Q2 2014	2,493.85	4.1 %	3,643.60	6.1 %	(598.15)	(94.1 %)	1,948.95	(8.2 %)	0.49
Q3 2014	2,378.18	(1.9 %)	3,439.41	0.3 %	(597.10)	14.2 %	1,661.61	(3.2 %)	0.42
Q4 2014	2,518.88	2.0 %	3,086.04	(12.9 %)	(423.04)	55.4 %	1,519.81	(1.7 %)	0.38
2014	9,817.32	1.7 %	13,666.97	(1.3 %)	(2,312.18)	1.6 %	6,836.17	(8.1 %)	1.71
Q1 2015	2,463.48	1.5 %	3,422.25	(2.2 %)	(521.78)	24.8 %	1,518.55	(11.0 %)	0.38
Q2 2015	2,514.14	0.8 %	3,534.65	(3.0 %)	(467.43)	21.9 %	1,941.37	(0.4 %)	0.49
Q3 2015	2,494.69	4.9 %	3,195.06	(7.1 %)	(419.97)	29.7 %	1,721.40	3.6 %	0.43
Q4 2015	2,486.63	(1.3 %)	3,593.81	16.5 %	(548.84)	(29.7 %)	1,948.77	28.2 %	0.49
2015	9,958.94	1.4 %	13,745.78	0.6 %	(1,958.03)	15.3 %	7,130.08	4.3 %	1.78
Q1 2016	2,574.33	4.5 %	3,695.05	8.0 %	(537.49)	(3.0 %)	2,017.27	32.8 %	0.50
Q2 2016	2,780.55	10.6 %	3,923.66	11.0 %	(555.28)	(18.8 %)	2,051.93	5.7 %	0.51
Q3 2016	2,914.48	16.8 %	3,877.85	21.4 %	(541.44)	(28.9 %)	2,009.49	16.7 %	0.50
Q4 2016	2,921.23	17.5 %	3,812.32	6.1 %	(508.04)	7.4 %	2,047.27	5.1 %	0.51
2016	11,223.09	12.7 %	15,341.38	11.6 %	(2,142.24)	(9.4 %)	8,125.96	14.0 %	2.03
Q1 2017	2,885.74	12.1 %	3,853.09	4.3 %	(372.41)	30.7 %	2,220.90	10.1 %	0.56
Q2 2017	2,954.42	6.3 %	3,876.96	(1.2 %)	(405.29)	27.0 %	2,181.65	6.3 %	0.55
Q3 2017	3,032.11	4.0 %	3,976.36	2.5 %	(409.88)	24.3 %	2,265.21	12.7 %	0.57
Q4 2017	3,157.15	8.1 %	4,198.45	10.1 %	(360.00)	29.1 %	2,452.97	19.8 %	0.61
2017	12,029.42	7.2 %	15,904.85	3.7 %	(1,547.58)	27.8 %	9,120.73	12.2 %	2.28
Q1 2018	3,441.33	19.3 %	4,142.41	7.5 %	(450.43)	(21.0 %)	2,306.28	3.8 %	0.58
Q2 2018	3,551.95	20.2 %	4,288.07	10.6 %	(333.22)	17.8 %	2,474.22	13.4 %	0.62
Q3 2018	3,682.34	21.4 %	4,383.35	10.2 %	(417.26)	(1.8 %)	2,515.98	11.1 %	0.63
Q4 2018	3,811.37	20.7 %	4,505.69	7.3 %	(330.03)	8.3 %	(3528.54)	(243.8 %)	(0.88)
2018	14,486.99	20.4 %	17,319.52	8.9 %	(1,530.95)	1.1 %	3,767.95	(58.7 %)	0.94
Q1 2019	3,943.96	14.6 %	4,638.94	12.0 %	(389.42)	13.5 %	2,567.99	11.3 %	0.64
Q2 2019	4,060.69	14.3 %	4,861.11	13.4 %	(385.63)	(15.7 %)	2,533.91	2.4 %	0.63
Q3 2019	4,163.61	13.1 %	4,981.23	13.6 %	(332.27)	20.4 %	2,738.82	8.9 %	0.68
Q4 2019	4,259.46	11.8 %	5,003.18	11.0 %	(664.95)	(101.5 %)	2,317.81	165.7 %	0.58
2019	16,427.72	13.4 %	19,484.46	12.5 %	(1,772.27)	(15.8 %)	10,158.53	169.6 %	2.54
Q1 2020	4,110.48	4.2 %	4,967.56	7.1 %	(692.81)	(77.9 %)	2,380.15	(7.3 %)	0.60
Q2 2020	3,967.69	(2.3 %)	4,807.76	(1.1 %)	(457.96)	(18.8 %)	2,436.10	(3.9 %)	0.61
Q3 2020	4,196.45	0.8 %	5,152.13	3.4 %	(464.94)	(39.9 %)	2,657.85	(3.0 %)	0.66
Q4 2020	4,638.39	8.9 %	5,793.81	15.8 %	(550.04)	17.3 %	3,121.45	34.7 %	0.78
2020	16,913.02	3.0 %	20,721.26	6.3 %	(2,165.74)	(22.2 %)	10,595.55	4.3 %	2.65
Q1 2021	4,770.55	16.1 %	5,947.58	19.7 %	(576.99)	16.7 %	3,335.49	40.1 %	0.83
Q2 2021	5,051.78	27.3 %	6,336.32	31.8 %	(583.97)	(27.5 %)	3,604.69	48.0 %	0.90

Period	Net Income from investments and financial activities	Change	Operating Income	Change	Debt Provisions	Change	Net Income	Change	EPS(Riyal)
2011	9,069.94	(0.6 %)	12,502.12	7.2 %	(1,645.14)	13.8 %	7,378.27	9.0 %	1.84
2012	9,340.89	3.0 %	13,983.02	11.8 %	(2,319.17)	(41.0 %)	7,884.71	6.9 %	1.97
2013	9,649.07	3.3 %	13,845.04	(1.0 %)	(2,349.69)	(1.3 %)	7,437.99	(5.7 %)	1.86
2014	9,817.32	1.7 %	13,666.97	(1.3 %)	(2,312.18)	1.6 %	6,836.17	(8.1 %)	1.71
2015	9,958.94	1.4 %	13,745.78	0.6 %	(1,958.03)	15.3 %	7,130.08	4.3 %	1.78
2016	11,223.09	12.7 %	15,341.38	11.6 %	(2,142.24)	(9.4 %)	8,125.96	14.0 %	2.03
2017	12,029.42	7.2 %	15,904.85	3.7 %	(1,547.58)	27.8 %	9,120.73	12.2 %	2.28
2018	14,486.99	20.4 %	17,319.52	8.9 %	(1,530.95)	1.1 %	3,767.95	(58.7 %)	0.94
2019	16,427.72	13.4 %	19,484.46	12.5 %	(1,772.27)	(15.8 %)	10,158.53	169.6 %	2.54
2020	16,913.02	3.0 %	20,721.26	6.3 %	(2,165.74)	(22.2 %)	10,595.55	4.3 %	2.65

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
Q1 2012	3.52 %	24.66 %	81.58 %
Q2 2012	3.51 %	23.95 %	84.18 %
Q3 2012	3.42 %	23.74 %	82.68 %
Q4 2012	3.23 %	22.54 %	81.40 %
2012	3.23 %	22.54 %	81.40 %
Q1 2013	3.11 %	23.22 %	80.97 %
Q2 2013	3.11 %	22.04 %	79.92 %
Q3 2013	3.00 %	21.79 %	77.81 %
Q4 2013	2.72 %	19.84 %	73.54 %
2013	2.72 %	19.84 %	73.54 %
Q1 2014	2.52 %	18.69 %	69.90 %
Q2 2014	2.43 %	17.70 %	67.67 %
Q3 2014	2.40 %	17.73 %	67.40 %
Q4 2014	2.33 %	17.01 %	66.94 %
2014	2.33 %	17.01 %	66.94 %
Q1 2015	2.19 %	16.15 %	64.97 %
Q2 2015	2.13 %	15.67 %	64.89 %
Q3 2015	2.15 %	15.69 %	64.99 %
Q4 2015	2.29 %	16.11 %	69.50 %
2015	2.29 %	16.11 %	69.50 %
Q1 2016	2.37 %	17.11 %	73.30 %
Q2 2016	2.35 %	16.62 %	72.26 %
Q3 2016	2.45 %	16.95 %	71.49 %
Q4 2016	2.48 %	16.49 %	69.15 %
2016	2.48 %	16.49 %	69.15 %
Q1 2017	2.52 %	16.92 %	68.98 %
Q2 2017	2.50 %	16.48 %	68.88 %
Q3 2017	2.61 %	16.90 %	70.37 %
Q4 2017	2.67 %	16.94 %	72.50 %
2017	2.67 %	16.94 %	72.50 %
Q1 2018	2.69 %	18.07 %	70.20 %
Q2 2018	2.74 %	17.86 %	69.40 %
Q3 2018	2.81 %	18.51 %	68.09 %
Q4 2018	1.07 %	7.24 %	25.13 %
2018	1.07 %	7.24 %	25.13 %
Q1 2019	1.13 %	7.95 %	25.96 %
Q2 2019	1.14 %	7.97 %	25.50 %
Q3 2019	1.19 %	8.56 %	26.12 %
Q4 2019	2.72 %	20.42 %	59.89 %
2019	2.72 %	20.42 %	59.89 %
Q1 2020	2.64 %	19.83 %	58.21 %
Q2 2020	2.51 %	19.41 %	57.98 %
Q3 2020	2.45 %	18.89 %	57.50 %
Q4 2020	2.48 %	19.39 %	60.97 %
2020	2.48 %	19.39 %	60.97 %
Q1 2021	2.56 %	21.23 %	64.03 %
Q2 2021	2.64 %	22.79 %	66.24 %

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
2011	3.64 %	23.13 %	79.13 %
2012	3.23 %	22.54 %	81.40 %
2013	2.72 %	19.84 %	73.54 %
2014	2.33 %	17.01 %	66.94 %
2015	2.29 %	16.11 %	69.50 %
2016	2.48 %	16.49 %	69.15 %
2017	2.67 %	16.94 %	72.50 %
2018	1.07 %	7.24 %	25.13 %
2019	2.72 %	20.42 %	59.89 %
2020	2.48 %	19.39 %	60.97 %

Balance Sheet (B)

Period	Assets	Change	Customer Deposits	Change	Financing Investments	Change
Q1 2012	234.17	15.3 %	186.09	16.0 %	151.84	22.2 %
Q2 2012	238.21	11.0 %	185.97	11.8 %	158.22	23.8 %
Q3 2012	247.25	16.1 %	195.15	17.0 %	165.55	22.9 %
Q4 2012	267.38	21.1 %	221.34	24.5 %	171.94	22.5 %
Q1 2013	275.61	17.7 %	231.81	24.6 %	180.49	18.9 %
Q2 2013	273.28	14.7 %	227.42	22.3 %	184.89	16.9 %
Q3 2013	272.98	10.4 %	225.52	15.6 %	185.45	12.0 %
Q4 2013	279.87	4.7 %	231.59	4.6 %	186.81	8.6 %
Q1 2014	288.04	4.5 %	238.52	2.9 %	193.05	7.0 %
Q2 2014	295.15	8.0 %	245.42	7.9 %	200.93	8.7 %
Q3 2014	298.71	9.4 %	250.03	10.9 %	203.65	9.8 %
Q4 2014	307.71	9.9 %	256.08	10.6 %	205.94	10.2 %
Q1 2015	320.43	11.2 %	268.48	12.6 %	205.12	6.3 %
Q2 2015	327.07	10.8 %	269.42	9.8 %	210.62	4.8 %
Q3 2015	325.21	8.9 %	271.55	8.6 %	209.91	3.1 %
Q4 2015	315.62	2.6 %	257.82	0.7 %	210.22	2.1 %
Q1 2016	323.30	0.9 %	266.42	(0.8 %)	216.39	5.5 %
Q2 2016	331.38	1.3 %	272.65	1.2 %	224.52	6.6 %
Q3 2016	330.52	1.6 %	272.60	0.4 %	225.86	7.6 %
Q4 2016	339.71	7.6 %	272.59	5.7 %	224.99	7.0 %
Q1 2017	337.23	4.3 %	271.29	1.8 %	229.42	6.0 %
Q2 2017	345.60	4.3 %	285.39	4.7 %	232.80	3.7 %
Q3 2017	338.03	2.3 %	270.10	(0.9 %)	233.18	3.2 %
Q4 2017	343.12	1.0 %	273.06	0.2 %	233.54	3.8 %
Q1 2018	348.43	3.3 %	283.94	4.7 %	228.23	(0.5 %)
Q2 2018	347.59	0.6 %	280.39	(1.8 %)	226.54	(2.7 %)
Q3 2018	355.58	5.2 %	288.84	6.9 %	232.02	(0.5 %)
Q4 2018	364.03	6.1 %	293.91	7.6 %	231.76	(0.8 %)
Q1 2019	363.05	4.2 %	293.50	3.4 %	234.83	2.9 %
Q2 2019	369.20	6.2 %	300.56	7.2 %	238.50	5.3 %
Q3 2019	367.87	3.5 %	298.81	3.5 %	244.59	5.4 %
Q4 2019	384.09	5.5 %	312.41	6.3 %	249.68	7.7 %
Q1 2020	391.90	7.9 %	315.66	7.5 %	261.39	11.3 %
Q2 2020	417.68	13.1 %	334.66	11.3 %	274.93	15.3 %
Q3 2020	430.30	17.0 %	345.32	15.6 %	289.73	18.5 %
Q4 2020	468.82	22.1 %	382.63	22.5 %	315.71	26.4 %
Q1 2021	512.23	30.7 %	421.27	33.5 %	356.14	36.3 %
Q2 2021	546.14	30.8 %	447.51	33.7 %	390.30	42.0 %

Period	Assets	Change	Customer Deposits	Change	Financing Investments	Change
3m 2012	234.17	15.3 %	186.09	16.0 %	151.84	22.2 %
6m 2012	238.21	11.0 %	185.97	11.8 %	158.22	23.8 %
9m 2012	247.25	16.1 %	195.15	17.0 %	165.55	22.9 %
12m 2012	267.38	21.1 %	221.34	24.5 %	171.94	22.5 %
3m 2013	275.61	17.7 %	231.81	24.6 %	180.49	18.9 %
6m 2013	273.28	14.7 %	227.42	22.3 %	184.89	16.9 %
9m 2013	272.98	10.4 %	225.52	15.6 %	185.45	12.0 %
12m 2013	279.87	4.7 %	231.59	4.6 %	186.81	8.6 %
3m 2014	288.04	4.5 %	238.52	2.9 %	193.05	7.0 %
6m 2014	295.15	8.0 %	245.42	7.9 %	200.93	8.7 %
9m 2014	298.71	9.4 %	250.03	10.9 %	203.65	9.8 %
12m 2014	307.71	9.9 %	256.08	10.6 %	205.94	10.2 %
3m 2015	320.43	11.2 %	268.48	12.6 %	205.12	6.3 %
6m 2015	327.07	10.8 %	269.42	9.8 %	210.62	4.8 %
9m 2015	325.21	8.9 %	271.55	8.6 %	209.91	3.1 %
12m 2015	315.62	2.6 %	257.82	0.7 %	210.22	2.1 %
3m 2016	323.30	0.9 %	266.42	(0.8 %)	216.39	5.5 %
6m 2016	331.38	1.3 %	272.65	1.2 %	224.52	6.6 %
9m 2016	330.52	1.6 %	272.60	0.4 %	225.86	7.6 %
12m 2016	339.71	7.6 %	272.59	5.7 %	224.99	7.0 %
3m 2017	337.23	4.3 %	271.29	1.8 %	229.42	6.0 %
6m 2017	345.60	4.3 %	285.39	4.7 %	232.80	3.7 %
9m 2017	338.03	2.3 %	270.10	(0.9 %)	233.18	3.2 %
12m 2017	343.12	1.0 %	273.06	0.2 %	233.54	3.8 %
3m 2018	348.43	3.3 %	283.94	4.7 %	228.23	(0.5 %)
6m 2018	347.59	0.6 %	280.39	(1.8 %)	226.54	(2.7 %)
9m 2018	355.58	5.2 %	288.84	6.9 %	232.02	(0.5 %)
12m 2018	364.03	6.1 %	293.91	7.6 %	231.76	(0.8 %)
3m 2019	363.05	4.2 %	293.50	3.4 %	234.83	2.9 %
6m 2019	369.20	6.2 %	300.56	7.2 %	238.50	5.3 %
9m 2019	367.87	3.5 %	298.81	3.5 %	244.59	5.4 %
12m 2019	384.09	5.5 %	312.41	6.3 %	249.68	7.7 %
3m 2020	391.90	7.9 %	315.66	7.5 %	261.39	11.3 %
6m 2020	417.68	13.1 %	334.66	11.3 %	274.93	15.3 %
9m 2020	430.30	17.0 %	345.32	15.6 %	289.73	18.5 %
12m 2020	468.82	22.1 %	382.63	22.5 %	315.71	26.4 %
3m 2021	512.23	30.7 %	421.27	33.5 %	356.14	36.3 %
6m 2021	546.14	30.8 %	447.51	33.7 %	390.30	42.0 %

Period	Assets	Change	Customer Deposits	Change	Financing Investments	Change
2011	220.73	19.4 %	177.73	24.2 %	140.31	16.9 %
2012	267.38	21.1 %	221.34	24.5 %	171.94	22.5 %
2013	279.87	4.7 %	231.59	4.6 %	186.81	8.6 %
2014	307.71	9.9 %	256.08	10.6 %	205.94	10.2 %
2015	315.62	2.6 %	257.82	0.7 %	210.22	2.1 %
2016	339.71	7.6 %	272.59	5.7 %	224.99	7.0 %
2017	343.12	1.0 %	273.06	0.2 %	233.54	3.8 %
2018	364.03	6.1 %	293.91	7.6 %	231.76	(0.8 %)
2019	384.09	5.5 %	312.41	6.3 %	249.68	7.7 %
2020	468.82	22.1 %	382.63	22.5 %	315.71	26.4 %

Ratios

Period	Customer Deposits Per Total Assets	Financing Investments/Customer Deposits	Financing Investments/Total Assets
Q1 2012	79.47 %	81.59 %	64.84 %
Q2 2012	78.07 %	85.08 %	66.42 %
Q3 2012	78.93 %	84.83 %	66.96 %
Q4 2012	82.78 %	77.68 %	64.31 %
Q1 2013	84.11 %	77.86 %	65.49 %
Q2 2013	83.22 %	81.30 %	67.66 %
Q3 2013	82.61 %	82.23 %	67.93 %
Q4 2013	82.75 %	80.67 %	66.75 %
Q1 2014	82.81 %	80.94 %	67.02 %
Q2 2014	83.15 %	81.87 %	68.07 %
Q3 2014	83.70 %	81.45 %	68.17 %
Q4 2014	83.22 %	80.42 %	66.93 %
Q1 2015	83.79 %	76.40 %	64.01 %
Q2 2015	82.38 %	78.17 %	64.40 %
Q3 2015	83.50 %	77.30 %	64.55 %
Q4 2015	81.69 %	81.54 %	66.60 %
Q1 2016	82.41 %	81.22 %	66.93 %
Q2 2016	82.28 %	82.35 %	67.75 %
Q3 2016	82.48 %	82.86 %	68.34 %
Q4 2016	80.24 %	82.54 %	66.23 %
Q1 2017	80.45 %	84.57 %	68.03 %
Q2 2017	82.58 %	81.57 %	67.36 %
Q3 2017	79.90 %	86.33 %	68.98 %
Q4 2017	79.58 %	85.53 %	68.06 %
Q1 2018	81.49 %	80.38 %	65.50 %
Q2 2018	80.67 %	80.80 %	65.18 %
Q3 2018	81.23 %	80.33 %	65.25 %
Q4 2018	80.74 %	78.85 %	63.66 %
Q1 2019	80.84 %	80.01 %	64.68 %
Q2 2019	81.41 %	79.35 %	64.60 %
Q3 2019	81.23 %	81.85 %	66.49 %
Q4 2019	81.34 %	79.92 %	65.01 %
Q1 2020	80.55 %	82.81 %	66.70 %
Q2 2020	80.12 %	82.15 %	65.82 %
Q3 2020	80.25 %	83.90 %	67.33 %
Q4 2020	81.61 %	82.51 %	67.34 %
Q1 2021	82.24 %	84.54 %	69.53 %
Q2 2021	81.94 %	87.22 %	71.46 %

Period	Customer Deposits Per Total Assets	Financing Investments/Customer Deposits	Financing Investments/Total Assets
2011	80.52 %	78.95 %	63.57 %
2012	82.78 %	77.68 %	64.31 %
2013	82.75 %	80.67 %	66.75 %
2014	83.22 %	80.42 %	66.93 %
2015	81.69 %	81.54 %	66.60 %
2016	80.24 %	82.54 %	66.23 %
2017	79.58 %	85.53 %	68.06 %
2018	80.74 %	78.85 %	63.66 %
2019	81.34 %	79.92 %	65.01 %
2020	81.61 %	82.51 %	67.34 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
Q1 2012	4,000.00	1.92	1.92	-	8.15
Q2 2012	4,000.00	1.98	1.98	-	8.67
Q3 2012	4,000.00	1.97	1.97	-	8.66
Q4 2012	4,000.00	1.97	1.97	-	9.12
Q1 2013	4,000.00	1.98	1.98	-	8.92
Q2 2013	4,000.00	1.99	1.99	-	9.38
Q3 2013	4,000.00	1.95	1.95	-	9.24
Q4 2013	4,000.00	1.86	1.86	-	9.62
Q1 2014	4,000.00	1.77	1.77	-	10.05
Q2 2014	4,000.00	1.73	1.73	-	10.17
Q3 2014	4,000.00	1.72	1.72	-	10.11
Q4 2014	4,000.00	1.71	1.71	-	10.47
Q1 2015	4,000.00	1.66	1.66	-	10.54
Q2 2015	4,000.00	1.66	1.66	-	11.02
Q3 2015	4,000.00	1.68	1.68	-	11.24
Q4 2015	4,000.00	1.78	1.78	-	11.66
Q1 2016	4,000.00	1.91	1.91	-	11.75
Q2 2016	4,000.00	1.93	1.93	-	12.26
Q3 2016	4,000.00	2.01	2.01	-	12.45
Q4 2016	4,000.00	2.03	2.03	-	12.99
Q1 2017	4,000.00	2.08	2.08	-	12.86
Q2 2017	4,000.00	2.11	2.11	-	13.40
Q3 2017	4,000.00	2.18	2.18	-	13.34
Q4 2017	4,000.00	2.28	2.28	-	13.94
Q1 2018	4,000.00	2.30	2.30	-	12.61
Q2 2018	4,000.00	2.37	2.37	-	13.20
Q3 2018	4,000.00	2.44	2.44	-	12.99
Q4 2018	4,000.00	0.94	2.29	-	12.08
Q1 2019	4,000.00	1.01	2.36	-	12.74
Q2 2019	4,000.00	1.02	2.37	-	12.45
Q3 2019	4,000.00	1.08	2.43	-	12.19
Q4 2019	4,000.00	2.54	2.54	-	12.80
Q1 2020	4,000.00	2.49	2.49	-	12.40
Q2 2020	4,000.00	2.47	2.47	-	12.98
Q3 2020	4,000.00	2.45	2.45	-	13.73
Q4 2020	4,000.00	2.65	2.65	-	14.53
Q1 2021	4,000.00	2.89	2.89	-	14.81
Q2 2021	4,000.00	3.18	3.18	-	14.92

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
2011	4,000.00	1.84	1.84	-	8.37
2012	4,000.00	1.97	1.97	-	9.12
2013	4,000.00	1.86	1.86	-	9.62
2014	4,000.00	1.71	1.71	-	10.47
2015	4,000.00	1.78	1.78	-	11.66
2016	4,000.00	2.03	2.03	-	12.99
2017	4,000.00	2.28	2.28	-	13.94
2018	4,000.00	0.94	2.29	-	12.08
2019	4,000.00	2.54	2.54	-	12.80
2020	4,000.00	2.65	2.65	-	14.53

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2012	16.15	16.15	3.81
Q2 2012	13.94	13.94	3.19
Q3 2012	13.58	13.58	3.09
Q4 2012	12.37	12.37	2.67
Q1 2013	12.45	12.45	2.77
Q2 2013	13.58	13.58	2.88
Q3 2013	14.86	14.86	3.14
Q4 2013	14.73	14.73	2.85
Q1 2014	15.82	15.82	2.79
Q2 2014	15.85	15.85	2.70
Q3 2014	16.89	16.89	2.87
Q4 2014	12.23	12.23	2.00
Q1 2015	14.05	14.05	2.22
Q2 2015	14.91	14.91	2.25
Q3 2015	13.34	13.34	1.99
Q4 2015	11.88	11.88	1.82
Q1 2016	11.06	11.06	1.79
Q2 2016	12.28	12.28	1.94
Q3 2016	10.45	10.45	1.69
Q4 2016	12.62	12.62	1.97
Q1 2017	12.46	12.46	2.02
Q2 2017	13.40	13.40	2.12
Q3 2017	12.30	12.30	2.01
Q4 2017	11.52	11.52	1.88
Q1 2018	13.33	13.33	2.43
Q2 2018	14.77	14.77	2.66
Q3 2018	14.66	14.66	2.75
Q4 2018	37.75	15.51	2.94
Q1 2019	43.73	18.68	3.46
Q2 2019	42.62	18.36	3.50
Q3 2019	36.70	16.29	3.25
Q4 2019	16.10	16.10	3.19
Q1 2020	13.49	13.49	2.71
Q2 2020	14.33	14.33	2.73
Q3 2020	16.78	16.78	2.99
Q4 2020	17.37	17.37	3.17
Q1 2021	21.39	21.39	4.17
Q2 2021	21.82	21.82	4.65

Period	P/E	Adjusted P/E	Price/book
2011	14.14	14.14	3.11
2012	12.37	12.37	2.67
2013	14.73	14.73	2.85
2014	12.23	12.23	2.00
2015	11.88	11.88	1.82
2016	12.62	12.62	1.97
2017	11.52	11.52	1.88
2018	37.75	15.51	2.94
2019	16.10	16.10	3.19
2020	17.37	17.37	3.17

Business Segments (Million)

Compared With The

Period	Retail	Corporate and Institutional Banking	Global markets and Treasury	Investment Banking and Brokerage	Others..
Q1 2012	2,341.44	489.00	297.00	300.00	-
Q2 2012	2,527.07	463.82	328.17	108.09	-
Q3 2012	2,272.49	547.47	263.42	555.26	-
Q4 2012	2,415.62	425.49	361.85	286.83	-
Q1 2013	2,442.26	453.00	333.00	213.00	-
Q2 2013	2,558.28	340.35	329.32	206.93	-
Q3 2013	2,574.82	513.26	246.41	93.12	-
Q4 2013	2,250.99	540.62	547.20	202.47	-
Q1 2014	2,473.81	455.85	345.28	223.00	-
Q2 2014	2,388.47	646.75	289.71	318.67	-
Q3 2014	2,651.16	501.66	381.88	(95.29)	-
Q4 2014	2,726.69	(47.16)	293.61	112.90	-
Q1 2015	2,589.61	373.42	306.52	152.70	-
Q2 2015	2,561.53	515.14	282.74	175.25	-
Q3 2015	2,417.29	521.88	146.55	109.35	-
Q4 2015	2,812.27	242.32	345.11	194.11	-
Q1 2016	2,687.48	387.37	447.63	172.57	-
Q2 2016	2,917.24	409.74	472.94	156.25	-
Q3 2016	2,823.92	605.71	322.21	126.01	-
Q4 2016	2,589.42	591.98	516.81	114.11	-
Q1 2017	2,932.19	689.54	109.86	121.49	-
Q2 2017	2,673.54	438.84	666.59	97.99	-
Q3 2017	2,787.15	602.89	482.72	103.61	-
Q4 2017	3,445.50	578.22	47.58	127.16	-
Q1 2018	2,770.66	580.10	653.28	138.37	-
Q2 2018	2,874.80	573.65	704.21	135.40	-
Q3 2018	2,968.91	575.21	722.65	116.59	-
Q4 2018	3,009.07	586.02	764.00	146.61	-
Q1 2019	3,164.28	638.35	733.97	102.34	-
Q2 2019	3,429.66	618.86	701.17	111.42	-
Q3 2019	3,500.25	627.28	755.75	97.96	-
Q4 2019	3,496.63	647.44	707.46	151.65	-
Q1 2020	3,470.22	631.90	750.56	114.88	-
Q2 2020	3,400.41	488.18	766.88	152.30	-
Q3 2020	2,996.99	740.72	1,155.71	258.72	-
Q4 2020	3,555.06	784.33	1,174.94	279.47	-
Q1 2021	3,500.80	744.34	1,408.57	293.87	-
Q2 2021	3,533.29	749.68	1,795.10	258.25	-

Period	Retail	Corporate and Institutional Banking	Global markets and Treasury	Investment Banking and Brokerage	Others..
2011	8,847.92	1,831.56	1,107.33	715.31	-
2012	9,556.62	1,925.78	1,250.44	1,250.18	-
2013	9,826.35	1,847.22	1,455.94	715.53	-
2014	10,240.13	1,557.09	1,310.47	559.28	-
2015	10,380.70	1,652.75	1,080.91	631.41	-
2016	11,018.06	1,994.79	1,759.59	568.95	-
2017	11,838.38	2,309.49	1,306.74	450.25	-
2018	11,623.44	2,314.98	2,844.13	536.97	-
2019	13,590.82	2,531.92	2,898.35	463.38	-
2020	13,361.37	2,614.69	3,939.83	805.37	-

Analysts Estimates (Million)

Item	Q2 2021 (e)	Q2 2021 (a)	Change‬
Average	3,492.94	3,604.69	3.20 %

Estimates vs Actual (Million)

Item	Q2 2021 (e)	Q2 2021 (a)	Change
AlJazira Capital	3,597.00	3,604.69	0.2 %
Riyad Capital	3,537.00	3,604.69	1.9 %
SNB Capital	3,477.00	3,604.69	3.7 %
OSOOL AND BAKHEET	3,435.70	3,604.69	4.9 %
FAB Securities	3,418.00	3,604.69	5.5 %

Financial Ratios

	Current
Market Cap (M)	316,000.00
Shares Outstanding ((M))	4,000.00
EPS ( Riyal) (TTM)	4.22
EPS Diluted ( Riyal) (TTM)	4.01
Book Value (BV) ( Riyal)	22.38
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	18.72
P/E (TTM)	18.72
Price/book	3.53
Return on Average Assets (%) (TTM)	2.1
Return on Average Equity (%) (TTM)	19.6

Al Rajhi Bank (ALRAJHI)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Sign In

Search Result

Al Rajhi Bank H1 2021 net profit rises 44% to SAR 6.94 bln

View other reports

Financials (M)

Current Quarter Comparison (M)

Balance Sheet (B)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Balance Sheet (B)

Balance Sheet Performance (B)

Ratios

Ratios

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2021 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Al Rajhi Bank (ALRAJHI)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Sign In

×

Forgot password?

Al Rajhi Bank H1 2021 net profit rises 44% to SAR 6.94 bln

View other reports

Financials (M)

Current Quarter Comparison (M)

Balance Sheet (B)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Balance Sheet (B)

Balance Sheet Performance (B)

Ratios

Ratios

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2021

Revenue by Business Segment (Latest) 2021 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Al Rajhi Bank (ALRAJHI)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)