Bank Albilad reported a net profit of SAR 1.348 billion for 2020, up 8%, compared to SAR 1.243 billion in the previous year.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 2,823.76 | 3,292.63 | 16.6 % |
| Operating Income | 3,945.35 | 4,262.05 | 8.0 % |
| Total Provisions | (543.09) | (694.51) | (27.9 %) |
| Net Income | 1,243.74 | 1,348.52 | 8.4 % |
| Average Shares | 1,250.00 | 1,250.00 | - |
| EPS (Riyals) | 0.99 | 1.08 | 8.4 % |
The profit rise was driven by an 8% increase in operating income, due to higher net income from investment, financing activities and net exchange income.
However, loss/gain from investments, fee and commission income, other operating income, and dividend income decreased.
Total operating expenses increased by 8%, due to higher net impairment charge for expected credit losses, other general and administrative expenses, salaries and employee-related benefits, and depreciation & amortization.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 771.12 | 846.81 | 9.8 % |
| Operating Income | 1,041.04 | 1,139.90 | 9.5 % |
| Debt Provisions | (139.70) | (180.25) | (29.0 %) |
| Net Income | 327.15 | 377.81 | 15.5 % |
| Average Shares | 1,250.00 | 1,250.00 | - |
| EPS (Riyals) | 0.26 | 0.30 | 15.5 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 855.52 | 846.81 | (1.0 %) |
| Operating Income | 1,112.62 | 1,139.90 | 2.5 % |
| Debt Provisions | (160.29) | (180.25) | (12.5 %) |
| Net Income | 382.61 | 377.81 | (1.3 %) |
| Average Shares | 1,250.00 | 1,250.00 | - |
| EPS (Riyals) | 0.31 | 0.30 | (1.3 %) |
In Q4 2020, the bank reported a net profit of SAR 377.8 million, an increase of 16% year-on-year (YoY).
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | 86.00 | 95.75 | 11.3 % |
| Customer Deposits | 67.11 | 71.55 | 6.6 % |
| Financing Investments | 59.29 | 70.11 | 18.2 % |
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