Al Bilad bank posts higher net profit at SAR 378m in I2 of 2014

30/06/2014 Argaam Exclusive

View other reports

Al Bilad bank, the smallest Saudi bank in terms of assets, reported SAR 378m net profit at the end of the first half of 2014, compared to SAR 318.4m in the same period last year, as shown in the following table:



Financials (M)

Item 6m 2013 6m 2014 Change‬
Net Income from investments and financial activities 449.68 486.03 8.1 %
Operating Income 931.30 1,011.49 8.6 %
Total Provisions (108.66) (29.06) 73.3 %
Net Income 318.38 378.04 18.7 %
Average Shares 1,250.00 1,250.00 -
EPS (Riyals) 0.25 0.30 18.7 %


Current Quarter Comparison (M)

Compared With The
Item Q2 2013 Q2 2014 Change‬
Net Income from investments and financial activities 227.73 258.97 13.7 %
Operating Income 481.49 533.99 10.9 %
Debt Provisions (44.01) (24.41) 44.5 %
Net Income 175.87 204.32 16.2 %
Average Shares 1,250.00 1,250.00 -
EPS (Riyals) 0.14 0.16 16.2 %

Balance Sheet (B)

Item 6m 2013 6m 2014 Change‬
Assets 33.35 40.98 22.9 %
Customer Deposits 26.82 33.35 24.3 %
Financing Investments 20.31 26.76 31.8 %


Financial results (Million)

Period Net Income from investments and financial activities Change Operating Income Change Debt Provisions Change Net Income Change EPS(Riyal)
Q1 2005 - - - - - - - - -
Q2 2005 - - - - - - - - -
Q3 2005 - - - - - - - - -
Q4 2005 - - - - - - - - -
Q1 2006 72.88 - 206.16 - - - 102.88 - 0.08
Q2 2006 99.61 - 162.61 - - - 44.25 - 0.04
Q3 2006 92.80 - 142.10 - - - 30.72 - 0.02
Q4 2006 93.67 - 144.03 - - - 0.27 - 0.00
Q1 2007 109.79 50.7 % 171.23 (16.9 %) - - 25.69 (75.0 %) 0.02
Q2 2007 129.41 29.9 % 202.50 24.5 % - - 34.71 (21.5 %) 0.03
Q3 2007 146.30 57.7 % 197.41 38.9 % - - 39.11 27.3 % 0.03
Q4 2007 148.93 59.0 % 207.42 44.0 % - - (27.06) (10273.7 %) (0.02)
Q1 2008 146.86 33.8 % 223.19 30.3 % - - 50.83 97.8 % 0.04
Q2 2008 147.42 13.9 % 231.49 14.3 % - - 57.00 64.2 % 0.05
Q3 2008 135.09 (7.7 %) 217.86 10.4 % - - 44.64 14.1 % 0.04
Q4 2008 148.89 0.0 % 202.04 (2.6 %) (19.80) - (27.39) (1.2 %) (0.02)
Q1 2009 140.46 (4.4 %) 216.80 (2.9 %) (23.46) - 22.35 (56.0 %) 0.02
Q2 2009 138.42 (6.1 %) 238.54 3.0 % (24.53) - 26.85 (52.9 %) 0.02
Q3 2009 144.77 7.2 % 229.75 5.5 % (50.53) - 1.90 (95.7 %) 0.00
Q4 2009 124.46 (16.4 %) 223.96 10.8 % (203.84) (929.4 %) (299.49) (993.3 %) (0.24)
Q1 2010 148.48 5.7 % 286.09 32.0 % (43.34) (84.7 %) 52.58 135.3 % 0.04
Q2 2010 152.17 9.9 % 262.11 9.9 % (61.86) (152.2 %) 32.84 22.3 % 0.03
Q3 2010 162.88 12.5 % 272.67 18.7 % (90.64) (79.4 %) 2.37 24.4 % 0.00
Q4 2010 161.22 29.5 % 278.27 24.2 % (46.47) 77.2 % 4.54 101.5 % 0.00
Q1 2011 164.93 11.1 % 308.44 7.8 % (51.02) (17.7 %) 55.46 5.5 % 0.04
Q2 2011 178.45 17.3 % 337.98 28.9 % (50.26) 18.7 % 81.67 148.7 % 0.07
Q3 2011 176.74 8.5 % 334.56 22.7 % (50.93) 43.8 % 85.47 3514.0 % 0.07
Q4 2011 182.87 13.4 % 392.53 41.1 % (100.04) (115.3 %) 107.03 2258.5 % 0.09
Q1 2012 193.90 17.6 % 419.81 36.1 % (65.74) (28.9 %) 511.52 822.4 % 0.41
Q2 2012 205.62 15.2 % 444.52 31.5 % (57.84) (15.1 %) 153.45 87.9 % 0.12
Q3 2012 214.61 21.4 % 434.32 29.8 % (86.36) (69.6 %) 120.15 40.6 % 0.10
Q4 2012 225.38 23.2 % 438.74 11.8 % (65.28) 34.7 % 156.69 46.4 % 0.13
Q1 2013 221.95 14.5 % 449.81 7.1 % (64.65) 1.7 % 142.50 (72.1 %) 0.11
Q2 2013 227.73 10.8 % 481.49 8.3 % (44.01) 23.9 % 175.87 14.6 % 0.14
Q3 2013 246.85 15.0 % 486.78 12.1 % (40.07) 53.6 % 197.08 64.0 % 0.16
Q4 2013 250.10 11.0 % 499.15 13.8 % (26.55) 59.3 % 213.71 36.4 % 0.17
Q1 2014 227.06 2.3 % 477.51 6.2 % (4.65) 92.8 % 173.71 21.9 % 0.14
Q2 2014 258.97 13.7 % 533.99 10.9 % (24.41) 44.5 % 204.32 16.2 % 0.16

Profitability

Period Return On Average Assets Return on Average Equity Net Profit/Investment Income & Other Financing Operations
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - 47.67 %
Q1 2007 1.13 % 3.34 % 22.93 %
Q2 2007 0.78 % 2.99 % 18.07 %
Q3 2007 0.82 % 3.22 % 16.20 %
Q4 2007 0.52 % 2.36 % 10.14 %
Q1 2008 0.69 % 3.15 % 12.99 %
Q2 2008 0.78 % 3.81 % 15.98 %
Q3 2008 0.81 % 3.94 % 17.93 %
Q4 2008 0.77 % 3.96 % 18.69 %
Q1 2009 0.57 % 3.02 % 14.92 %
Q2 2009 0.42 % 2.05 % 10.60 %
Q3 2009 0.15 % 0.72 % 3.81 %
Q4 2009 (1.48 %) (7.99 %) (43.41 %)
Q1 2010 (1.21 %) (6.92 %) (38.25 %)
Q2 2010 (1.20 %) (6.66 %) (36.40 %)
Q3 2010 (1.17 %) (6.62 %) (35.13 %)
Q4 2010 0.48 % 3.02 % 14.29 %
Q1 2011 0.47 % 3.06 % 14.28 %
Q2 2011 0.70 % 4.57 % 20.72 %
Q3 2011 1.08 % 7.10 % 31.98 %
Q4 2011 1.35 % 10.11 % 45.28 %
Q1 2012 3.12 % 22.13 % 104.23 %
Q2 2012 3.33 % 23.43 % 110.00 %
Q3 2012 3.41 % 23.74 % 109.21 %
Q4 2012 3.28 % 24.19 % 109.44 %
Q1 2013 1.91 % 13.52 % 64.38 %
Q2 2013 1.91 % 13.56 % 65.20 %
Q3 2013 2.13 % 14.78 % 70.96 %
Q4 2013 2.21 % 15.40 % 74.81 %
Q1 2014 2.16 % 15.50 % 77.30 %
Q2 2014 2.12 % 15.53 % 77.24 %

Balance Sheet (B)

Period Assets Change Customer Deposits Change Financing Investments Change
Q1 2005 - - - - - -
Q2 2005 - - - - - -
Q3 2005 - - - - - -
Q4 2005 - - - - - -
Q1 2006 6.52 - 3.07 - 5.55 -
Q2 2006 8.16 - 4.88 - 7.03 -
Q3 2006 8.60 - 5.17 - 7.43 -
Q4 2006 11.28 - 7.86 - 9.64 -
Q1 2007 11.30 73.3 % 7.98 160.0 % 9.74 75.5 %
Q2 2007 15.35 88.1 % 9.81 101.2 % 13.45 91.4 %
Q3 2007 15.78 83.4 % 11.87 129.8 % 13.69 84.2 %
Q4 2007 16.64 47.5 % 12.69 61.5 % 6.19 (35.8 %)
Q1 2008 17.09 51.2 % 13.22 65.7 % 13.20 35.5 %
Q2 2008 15.33 (0.1 %) 11.39 16.1 % 11.96 (11.1 %)
Q3 2008 15.34 (2.8 %) 10.54 (11.2 %) 12.04 (12.0 %)
Q4 2008 16.05 (3.5 %) 10.97 (13.5 %) 8.28 33.7 %
Q1 2009 17.06 (0.1 %) 12.91 (2.4 %) 9.09 (31.2 %)
Q2 2009 16.41 7.0 % 12.71 11.6 % 10.28 (14.0 %)
Q3 2009 17.02 10.9 % 12.14 15.2 % 10.56 (12.3 %)
Q4 2009 17.41 8.5 % 13.72 25.1 % 11.01 33.1 %
Q1 2010 18.98 11.2 % 14.32 10.9 % 11.19 23.1 %
Q2 2010 18.92 15.3 % 15.00 18.0 % 11.81 14.9 %
Q3 2010 19.18 12.7 % 14.81 22.0 % 11.66 10.3 %
Q4 2010 21.12 21.3 % 16.93 23.4 % 12.29 11.6 %
Q1 2011 21.89 15.3 % 17.51 22.3 % 12.62 12.7 %
Q2 2011 22.46 18.7 % 17.30 15.3 % 13.01 10.2 %
Q3 2011 22.78 18.8 % 17.96 21.3 % 13.02 11.7 %
Q4 2011 27.73 31.3 % 23.04 36.1 % 13.78 12.1 %
Q1 2012 28.54 30.4 % 22.91 30.8 % 15.06 19.4 %
Q2 2012 29.06 29.4 % 23.61 36.5 % 16.21 24.6 %
Q3 2012 29.53 29.6 % 23.55 31.1 % 17.21 32.2 %
Q4 2012 29.78 7.4 % 23.74 3.1 % 18.26 32.5 %
Q1 2013 31.33 9.8 % 25.28 10.4 % 18.69 24.1 %
Q2 2013 33.35 14.8 % 26.82 13.6 % 20.31 25.3 %
Q3 2013 33.58 13.7 % 26.33 11.8 % 21.21 23.3 %
Q4 2013 36.32 22.0 % 29.11 22.6 % 23.42 28.3 %
Q1 2014 39.01 24.5 % 31.39 24.2 % 24.28 29.9 %
Q2 2014 40.98 22.9 % 33.35 24.3 % 26.76 31.7 %

Ratios

Period Customer Deposits Per Total Assets Financing Investments/Customer Deposits Financing Investments/Total Assets
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 47.06 % 180.78 % 85.07 %
Q2 2006 59.73 % 144.09 % 86.07 %
Q3 2006 60.03 % 143.85 % 86.36 %
Q4 2006 69.66 % 122.74 % 85.49 %
Q1 2007 70.60 % 122.05 % 86.17 %
Q2 2007 63.89 % 137.07 % 87.58 %
Q3 2007 75.24 % 115.32 % 86.77 %
Q4 2007 76.28 % 48.78 % 37.21 %
Q1 2008 77.39 % 99.82 % 77.25 %
Q2 2008 74.29 % 105.00 % 78.00 %
Q3 2008 68.69 % 114.27 % 78.49 %
Q4 2008 68.35 % 75.44 % 51.56 %
Q1 2009 75.67 % 70.38 % 53.26 %
Q2 2009 77.48 % 80.87 % 62.66 %
Q3 2009 71.31 % 87.06 % 62.08 %
Q4 2009 78.80 % 80.27 % 63.26 %
Q1 2010 75.44 % 78.16 % 58.96 %
Q2 2010 79.31 % 78.74 % 62.45 %
Q3 2010 77.24 % 78.70 % 60.79 %
Q4 2010 80.19 % 72.58 % 58.20 %
Q1 2011 80.02 % 72.03 % 57.64 %
Q2 2011 77.04 % 75.21 % 57.94 %
Q3 2011 78.83 % 72.48 % 57.13 %
Q4 2011 83.09 % 59.81 % 49.70 %
Q1 2012 80.27 % 65.75 % 52.78 %
Q2 2012 81.26 % 68.65 % 55.78 %
Q3 2012 79.74 % 73.08 % 58.28 %
Q4 2012 79.73 % 76.89 % 61.31 %
Q1 2013 80.70 % 73.92 % 59.65 %
Q2 2013 80.44 % 75.72 % 60.91 %
Q3 2013 78.40 % 80.57 % 63.17 %
Q4 2013 80.14 % 80.44 % 64.46 %
Q1 2014 80.47 % 77.34 % 62.23 %
Q2 2014 81.40 % 80.22 % 65.29 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) EPS Diluted (Riyal) Book Value (BV)
Q1 2005 - - - - -
Q2 2005 - - - - -
Q3 2005 - - - - -
Q4 2005 - - - - -
Q1 2006 1,250.00 - - - 2.40
Q2 2006 1,250.00 - - - 2.43
Q3 2006 1,250.00 - - - 2.46
Q4 2006 1,250.00 0.14 0.14 - 2.42
Q1 2007 1,250.00 0.08 0.08 - 2.44
Q2 2007 1,250.00 0.07 0.07 - 2.47
Q3 2007 1,250.00 0.08 0.08 - 2.50
Q4 2007 1,250.00 0.06 0.06 - 2.48
Q1 2008 1,250.00 0.08 0.08 - 2.52
Q2 2008 1,250.00 0.10 0.10 - 2.57
Q3 2008 1,250.00 0.10 0.10 - 2.59
Q4 2008 1,250.00 0.10 0.10 - 2.57
Q1 2009 1,250.00 0.08 0.08 - 2.60
Q2 2009 1,250.00 0.05 0.05 - 2.63
Q3 2009 1,250.00 0.02 0.02 - 2.64
Q4 2009 1,250.00 (0.20) (0.20) - 2.40
Q1 2010 1,250.00 (0.17) (0.17) - 2.45
Q2 2010 1,250.00 (0.17) (0.17) - 2.46
Q3 2010 1,250.00 (0.17) (0.17) - 2.47
Q4 2010 1,250.00 0.07 0.07 - 2.48
Q1 2011 1,250.00 0.08 0.08 - 2.52
Q2 2011 1,250.00 0.12 0.12 - 2.58
Q3 2011 1,250.00 0.18 0.18 - 2.64
Q4 2011 1,250.00 0.26 0.26 - 2.73
Q1 2012 1,250.00 0.63 0.33 - 3.16
Q2 2012 1,250.00 0.69 0.39 - 3.27
Q3 2012 1,250.00 0.71 0.42 - 3.37
Q4 2012 1,250.00 0.75 0.45 - 3.50
Q1 2013 1,250.00 0.46 0.46 - 3.62
Q2 2013 1,250.00 0.48 0.48 - 3.75
Q3 2013 1,250.00 0.54 0.54 - 3.91
Q4 2013 1,250.00 0.58 0.58 - 4.08
Q1 2014 1,250.00 0.61 0.61 - 4.23
Q2 2014 1,250.00 0.63 0.63 - 4.38

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 - - 15.17
Q2 2006 - - 9.92
Q3 2006 - - 7.28
Q4 2006 More than 100 More than 100 3.96
Q1 2007 More than 100 More than 100 3.53
Q2 2007 More than 100 More than 100 2.78
Q3 2007 More than 100 More than 100 3.03
Q4 2007 More than 100 More than 100 3.90
Q1 2008 More than 100 More than 100 3.03
Q2 2008 More than 100 More than 100 3.69
Q3 2008 More than 100 More than 100 3.69
Q4 2008 More than 100 More than 100 2.62
Q1 2009 More than 100 More than 100 2.41
Q2 2009 More than 100 More than 100 2.37
Q3 2009 More than 100 More than 100 2.03
Q4 2009 NEG NEG 2.10
Q1 2010 NEG NEG 2.09
Q2 2010 NEG NEG 2.01
Q3 2010 NEG NEG 1.97
Q4 2010 More than 100 More than 100 1.90
Q1 2011 More than 100 More than 100 1.87
Q2 2011 40.24 40.24 1.79
Q3 2011 24.26 24.26 1.67
Q4 2011 18.13 18.13 1.75
Q1 2012 10.91 20.78 2.17
Q2 2012 9.37 16.59 1.96
Q3 2012 9.51 16.35 2.01
Q4 2012 9.04 14.97 1.95
Q1 2013 17.48 17.48 2.21
Q2 2013 17.08 17.08 2.17
Q3 2013 18.87 18.87 2.60
Q4 2013 19.21 19.21 2.75
Q1 2014 22.42 22.42 3.23
Q2 2014 22.67 22.67 3.27

Business Segments (Million)

Compared With The
Period Retail Corporate and Institutional Banking Global markets and Treasury Investment Banking and Brokerage Others.. Remittances ( Enjaz Centers)
Q1 2006 45.35 100.59 31.83 - 25.79 2.61
Q2 2006 43.34 59.64 25.52 - 26.04 8.07
Q3 2006 37.65 47.85 12.67 - 28.36 15.57
Q4 2006 35.69 33.14 21.61 - 31.64 21.95
Q1 2007 33.68 49.87 42.11 - 26.61 18.96
Q2 2007 39.44 82.05 21.75 - 29.53 29.74
Q3 2007 38.87 82.68 12.89 - 33.73 29.25
Q4 2007 45.91 92.18 18.44 - 16.84 34.04
Q1 2008 53.45 102.68 24.41 - 7.48 35.16
Q2 2008 47.77 99.93 26.61 - 20.03 37.14
Q3 2008 46.68 101.56 0.78 17.00 10.68 41.16
Q4 2008 6.48 108.57 11.69 12.03 24.00 39.27
Q1 2009 52.51 92.95 4.87 12.38 3.66 50.44
Q2 2009 67.07 96.00 13.30 14.60 (1.31) 48.89
Q3 2009 21.00 77.26 87.28 3.26 (0.03) 40.97
Q4 2009 95.63 65.29 43.32 5.21 14.51 -
Q1 2010 133.14 103.02 31.24 8.35 10.35 -
Q2 2010 128.03 90.01 32.80 10.29 0.98 -
Q3 2010 159.09 74.17 29.24 6.79 3.37 -
Q4 2010 151.01 86.08 34.01 7.53 (0.36) -
Q1 2011 179.47 88.48 20.50 9.52 10.47 -
Q2 2011 192.55 99.42 22.41 14.95 8.65 -
Q3 2011 204.28 93.78 24.26 7.78 4.45 -
Q4 2011 219.47 126.47 26.02 10.69 9.88 -
Q1 2012 241.11 118.81 30.91 18.52 10.46 -
Q2 2012 261.73 119.22 32.57 18.17 12.83 -
Q3 2012 254.41 124.91 30.06 14.59 10.35 -
Q4 2012 243.68 136.57 31.71 11.83 14.95 -
Q1 2013 257.22 135.34 27.66 14.33 15.26 -
Q2 2013 264.54 134.89 28.33 23.60 30.13 -
Q3 2013 269.28 152.66 30.52 13.20 21.11 -
Q4 2013 269.04 154.16 32.37 15.55 28.03 -
Q1 2014 274.17 129.83 34.19 17.18 22.14 -
Q2 2014 283.90 162.80 33.34 21.15 32.81 -


Financial Ratios
Current
Market Cap (M) 41,500.00
Shares Outstanding ((M)) 1,250.00
EPS ( Riyal) (TTM) 1.96
EPS Diluted ( Riyal) (TTM) 1.97
Book Value (BV) ( Riyal) 12.56
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 16.92
P/E (TTM) 16.92
Price/book 2.64
Return on Average Assets (%) (TTM) 1.8
Return on Average Equity (%) (TTM) 16.5
more

Share Price

Bank Albilad
33.20
(0.40) (1.19 %)

Bank Albilad (ALBILAD)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.