Riyad Bank Q1 net profit remains flat at SAR 1.17 bln

13/04/2016 Argaam Exclusive

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Riyad Bank, Saudi Arabia's fourth-largest lender by assets, reported a net profit of SAR 1.17 billion for the first quarter of 2016, a 0.17 percent year-on-year (YoY) rise that the company attributed to lower operating expenses, along with a decrease in general and administrative expenses, as well as lower impairment charge for credit losses and staff related expenses.

Profit for Q1 was 38 percent higher compared to the previous quarter, which was at SAR 851 million. The company also cited lower impairment charge for credit losses, lower salaries, and staff related expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2015	Q1 2016	Change‬
Net Special Commission Income	1,281.74	1,267.32	(1.1 %)
Operating Income	2,047.81	1,786.17	(12.8 %)
Debt Provisions	(127.80)	(104.82)	18.0 %
Net Income	1,171.60	1,173.72	0.2 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.39	0.39	0.2 %
EPS Diluted (Riyal)	0.39	0.39	0.0 %

Item	Q4 2015	Q1 2016	Change‬
Net Special Commission Income	1,343.51	1,267.32	(5.7 %)
Operating Income	1,888.02	1,786.17	(5.4 %)
Debt Provisions	(229.49)	(104.82)	54.3 %
Net Income	851.10	1,173.72	37.9 %
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.28	0.39	37.9 %
EPS Diluted (Riyal)	0.28	0.39	39.3 %

Balance Sheet (B)

Item	3m 2015	3m 2016	Change‬
Assets	216.53	227.00	4.8 %
Customer Deposits	165.02	165.76	0.4 %
Loan	138.04	152.56	10.5 %

Financial results (Million)

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change	Net Income	Change	EPS(Riyal)
Q1 2007	770.42	6.2 %	1,207.02	(10.2 %)	(89.42)	(32.5 %)	655.05	(24.9 %)	0.27
Q2 2007	825.30	7.4 %	1,373.54	21.1 %	(59.55)	16.7 %	847.55	24.3 %	0.35
Q3 2007	836.78	16.7 %	1,246.97	10.0 %	(75.88)	5.7 %	715.88	9.9 %	0.30
Q4 2007	833.88	16.6 %	1,340.60	5.3 %	(120.68)	21.2 %	792.76	12.8 %	0.33
2007	3,266.38	11.6 %	5,168.13	5.8 %	(345.53)	7.2 %	3,011.25	3.5 %	1.25
Q1 2008	980.52	27.3 %	1,212.23	0.4 %	(52.15)	41.7 %	690.71	5.4 %	0.29
Q2 2008	985.19	19.4 %	1,446.00	5.3 %	(47.18)	20.8 %	906.35	6.9 %	0.30
Q3 2008	1,012.53	21.0 %	1,058.35	(15.1 %)	(16.70)	78.0 %	512.55	(28.4 %)	0.17
Q4 2008	968.57	16.2 %	1,531.78	14.3 %	(233.04)	(93.1 %)	529.15	(33.3 %)	0.18
2008	3,946.81	20.8 %	5,248.36	1.6 %	(349.07)	(1.0 %)	2,638.76	(12.4 %)	0.88
Q1 2009	1,112.12	13.4 %	1,459.36	20.4 %	(184.84)	(254.4 %)	441.06	(36.1 %)	0.15
Q2 2009	1,147.72	16.5 %	1,524.41	5.4 %	(95.51)	(102.4 %)	918.00	1.3 %	0.31
Q3 2009	1,026.69	1.4 %	1,400.83	32.4 %	(153.59)	(819.6 %)	759.38	48.2 %	0.25
Q4 2009	1,060.65	9.5 %	1,575.51	2.9 %	(184.60)	20.8 %	912.04	72.4 %	0.30
2009	4,347.19	10.1 %	5,960.11	13.6 %	(618.54)	(77.2 %)	3,030.49	14.8 %	1.01
Q1 2010	1,012.44	(9.0 %)	1,469.41	0.7 %	(278.99)	(50.9 %)	684.46	55.2 %	0.23
Q2 2010	1,027.65	(10.5 %)	1,527.26	0.2 %	(196.16)	(105.4 %)	765.80	(16.6 %)	0.26
Q3 2010	1,059.71	3.2 %	1,498.16	6.9 %	(299.78)	(95.2 %)	610.76	(19.6 %)	0.20
Q4 2010	1,041.98	(1.8 %)	1,485.62	(5.7 %)	(160.15)	13.2 %	763.60	(16.3 %)	0.25
2010	4,141.79	(4.7 %)	5,980.45	0.3 %	(935.07)	(51.2 %)	2,824.63	(6.8 %)	0.94
Q1 2011	984.01	(2.8 %)	1,526.84	3.9 %	(160.31)	42.5 %	741.24	8.3 %	0.25
Q2 2011	1,066.59	3.8 %	1,569.68	2.8 %	(87.45)	55.4 %	835.99	9.2 %	0.28
Q3 2011	1,063.54	0.4 %	1,572.56	5.0 %	(150.94)	49.6 %	794.28	30.0 %	0.26
Q4 2011	1,082.89	3.9 %	1,606.72	8.2 %	(263.02)	(64.2 %)	777.85	1.9 %	0.26
2011	4,197.03	1.3 %	6,275.80	4.9 %	(661.71)	29.2 %	3,149.35	11.5 %	1.05
Q1 2012	1,068.47	8.6 %	1,643.89	7.7 %	(152.87)	4.6 %	901.48	21.6 %	0.30
Q2 2012	1,095.22	2.7 %	1,804.29	14.9 %	(386.55)	(342.0 %)	914.40	9.4 %	0.30
Q3 2012	1,117.21	5.0 %	1,667.72	6.1 %	(327.28)	(116.8 %)	840.03	5.8 %	0.28
Q4 2012	1,100.58	1.6 %	1,670.38	4.0 %	(312.95)	(19.0 %)	810.13	4.2 %	0.27
2012	4,381.47	4.4 %	6,786.27	8.1 %	(1,179.66)	(78.3 %)	3,466.05	10.1 %	1.16
Q1 2013	1,089.59	2.0 %	1,724.64	4.9 %	(191.13)	(25.0 %)	950.98	5.5 %	0.32
Q2 2013	1,166.34	6.5 %	1,815.48	0.6 %	(197.21)	49.0 %	967.91	5.9 %	0.32
Q3 2013	1,214.55	8.7 %	1,738.69	4.3 %	(139.62)	57.3 %	997.93	18.8 %	0.33
Q4 2013	1,226.52	11.4 %	1,795.22	7.5 %	(99.46)	68.2 %	1,030.29	27.2 %	0.34
2013	4,697.00	7.2 %	7,074.02	4.2 %	(627.42)	46.8 %	3,947.11	13.9 %	1.32
Q1 2014	1,229.64	12.9 %	1,932.04	12.0 %	(203.77)	(6.6 %)	1,079.45	13.5 %	0.36
Q2 2014	1,256.38	7.7 %	2,094.96	15.4 %	(262.98)	(33.3 %)	1,136.26	17.4 %	0.38
Q3 2014	1,315.71	8.3 %	1,990.25	14.5 %	(217.40)	(55.7 %)	1,076.29	7.9 %	0.36
Q4 2014	1,328.51	8.3 %	1,994.52	11.1 %	(215.92)	(117.1 %)	1,060.41	2.9 %	0.35
2014	5,130.24	9.2 %	8,011.77	13.3 %	(900.06)	(43.5 %)	4,352.41	10.3 %	1.45
Q1 2015	1,281.74	4.2 %	2,047.81	6.0 %	(127.80)	37.3 %	1,171.60	8.5 %	0.39
Q2 2015	1,293.48	3.0 %	1,901.43	(9.2 %)	(315.33)	(19.9 %)	1,128.23	(0.7 %)	0.38
Q3 2015	1,261.05	(4.2 %)	1,862.11	(6.4 %)	(358.11)	(64.7 %)	898.55	(16.5 %)	0.30
Q4 2015	1,343.51	1.1 %	1,888.02	(5.3 %)	(229.49)	(6.3 %)	851.10	(19.7 %)	0.28
2015	5,179.78	1.0 %	7,699.36	(3.9 %)	(1,030.74)	(14.5 %)	4,049.48	(7.0 %)	1.35
Q1 2016	1,267.32	(1.1 %)	1,786.17	(12.8 %)	(104.82)	18.0 %	1,173.72	0.2 %	0.39

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change	Net Income	Change	EPS(Riyal)
2006	2,926.05	9.5 %	4,886.14	16.5 %	(372.49)	(75.7 %)	2,908.55	2.5 %	1.21
2007	3,266.38	11.6 %	5,168.13	5.8 %	(345.53)	7.2 %	3,011.25	3.5 %	1.25
2008	3,946.81	20.8 %	5,248.36	1.6 %	(349.07)	(1.0 %)	2,638.76	(12.4 %)	0.88
2009	4,347.19	10.1 %	5,960.11	13.6 %	(618.54)	(77.2 %)	3,030.49	14.8 %	1.01
2010	4,141.79	(4.7 %)	5,980.45	0.3 %	(935.07)	(51.2 %)	2,824.63	(6.8 %)	0.94
2011	4,197.03	1.3 %	6,275.80	4.9 %	(661.71)	29.2 %	3,149.35	11.5 %	1.05
2012	4,381.47	4.4 %	6,786.27	8.1 %	(1,179.66)	(78.3 %)	3,466.05	10.1 %	1.16
2013	4,697.00	7.2 %	7,074.02	4.2 %	(627.42)	46.8 %	3,947.11	13.9 %	1.32
2014	5,130.24	9.2 %	8,011.77	13.3 %	(900.06)	(43.5 %)	4,352.41	10.3 %	1.45
2015	5,179.78	1.0 %	7,699.36	(3.9 %)	(1,030.74)	(14.5 %)	4,049.48	(7.0 %)	1.35

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
Q1 2007	2.97 %	23.90 %	62.56 %
Q2 2007	2.99 %	26.06 %	60.70 %
Q3 2007	2.97 %	24.85 %	61.70 %
Q4 2007	2.80 %	23.92 %	63.20 %
2007	2.80 %	23.92 %	63.20 %
Q1 2008	2.67 %	24.97 %	67.20 %
Q2 2008	2.56 %	16.80 %	69.32 %
Q3 2008	2.32 %	15.30 %	75.38 %
Q4 2008	1.88 %	13.57 %	75.20 %
2008	1.88 %	13.57 %	75.20 %
Q1 2009	1.58 %	12.51 %	74.21 %
Q2 2009	1.52 %	9.17 %	76.09 %
Q3 2009	1.65 %	10.02 %	71.92 %
Q4 2009	1.80 %	11.24 %	72.94 %
2009	1.80 %	11.24 %	72.94 %
Q1 2010	1.92 %	12.32 %	71.15 %
Q2 2010	1.82 %	11.30 %	69.10 %
Q3 2010	1.71 %	10.69 %	68.54 %
Q4 2010	1.61 %	9.83 %	69.26 %
2010	1.61 %	9.83 %	69.26 %
Q1 2011	1.62 %	10.17 %	68.13 %
Q2 2011	1.70 %	10.14 %	68.29 %
Q3 2011	1.78 %	10.82 %	67.53 %
Q4 2011	1.78 %	10.61 %	66.88 %
2011	1.78 %	10.61 %	66.88 %
Q1 2012	1.82 %	11.18 %	66.97 %
Q2 2012	1.89 %	11.16 %	65.03 %
Q3 2012	1.92 %	11.34 %	64.91 %
Q4 2012	1.87 %	11.16 %	64.56 %
2012	1.87 %	11.16 %	64.56 %
Q1 2013	1.90 %	11.31 %	64.11 %
Q2 2013	1.92 %	11.40 %	65.04 %
Q3 2013	1.97 %	11.72 %	65.78 %
Q4 2013	2.00 %	11.99 %	66.40 %
2013	2.00 %	11.99 %	66.40 %
Q1 2014	2.05 %	12.43 %	66.43 %
Q2 2014	2.09 %	12.97 %	65.17 %
Q3 2014	2.06 %	12.82 %	64.36 %
Q4 2014	2.07 %	12.54 %	64.03 %
2014	2.07 %	12.54 %	64.03 %
Q1 2015	2.08 %	12.61 %	63.76 %
Q2 2015	2.03 %	12.61 %	65.79 %
Q3 2015	1.96 %	12.06 %	66.17 %
Q4 2015	1.85 %	11.24 %	67.28 %
2015	1.85 %	11.24 %	67.28 %
Q1 2016	1.83 %	10.95 %	69.45 %

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
2006	3.34 %	25.34 %	59.88 %
2007	2.80 %	23.92 %	63.20 %
2008	1.88 %	13.57 %	75.20 %
2009	1.80 %	11.24 %	72.94 %
2010	1.61 %	9.83 %	69.26 %
2011	1.78 %	10.61 %	66.88 %
2012	1.87 %	11.16 %	64.56 %
2013	2.00 %	11.99 %	66.40 %
2014	2.07 %	12.54 %	64.03 %
2015	1.85 %	11.24 %	67.28 %

Balance Sheet (B)

Period	Assets	Change	Customer Deposits	Change	Loan	Change
Q1 2007	94.18	8.3 %	71.35	17.2 %	52.71	7.5 %
Q2 2007	98.45	6.5 %	71.99	5.0 %	57.18	14.2 %
Q3 2007	105.28	15.2 %	76.40	10.8 %	64.84	28.2 %
Q4 2007	121.35	29.1 %	84.33	21.9 %	67.34	29.0 %
Q1 2008	134.35	42.7 %	96.75	35.6 %	70.82	34.4 %
Q2 2008	144.13	46.4 %	88.47	22.9 %	82.30	43.9 %
Q3 2008	145.15	37.9 %	87.66	14.7 %	90.10	39.0 %
Q4 2008	159.65	31.6 %	105.06	24.6 %	96.43	43.2 %
Q1 2009	167.22	24.5 %	119.20	23.2 %	100.17	41.4 %
Q2 2009	172.77	19.9 %	122.07	38.0 %	104.58	27.1 %
Q3 2009	175.68	21.0 %	119.46	36.3 %	106.06	17.7 %
Q4 2009	176.40	10.5 %	125.28	19.2 %	106.51	10.5 %
Q1 2010	174.29	4.2 %	128.11	7.5 %	106.28	6.1 %
Q2 2010	169.34	(2.0 %)	124.10	1.7 %	104.74	0.2 %
Q3 2010	171.72	(2.3 %)	124.24	4.0 %	105.04	(1.0 %)
Q4 2010	173.56	(1.6 %)	126.95	1.3 %	106.03	(0.5 %)
Q1 2011	180.72	3.7 %	133.14	3.9 %	109.36	2.9 %
Q2 2011	177.53	4.8 %	132.40	6.7 %	110.58	5.6 %
Q3 2011	180.37	5.0 %	132.33	6.5 %	112.14	6.8 %
Q4 2011	180.89	4.2 %	139.82	10.1 %	112.97	6.5 %
Q1 2012	183.39	1.5 %	139.54	4.8 %	113.69	4.0 %
Q2 2012	180.64	1.7 %	137.06	3.5 %	115.09	4.1 %
Q3 2012	177.10	(1.8 %)	134.93	2.0 %	115.29	2.8 %
Q4 2012	190.18	5.1 %	146.21	4.6 %	117.47	4.0 %
Q1 2013	186.45	1.7 %	143.96	3.2 %	120.92	6.4 %
Q2 2013	191.63	6.1 %	147.88	7.9 %	126.19	9.6 %
Q3 2013	201.80	13.9 %	154.19	14.3 %	129.90	12.7 %
Q4 2013	205.25	7.9 %	153.20	4.8 %	131.19	11.7 %
Q1 2014	211.41	13.4 %	159.95	11.1 %	136.77	13.1 %
Q2 2014	213.99	11.7 %	160.10	8.3 %	140.77	11.6 %
Q3 2014	217.07	7.6 %	161.64	4.8 %	140.70	8.3 %
Q4 2014	214.59	4.6 %	164.08	7.1 %	133.49	1.8 %
Q1 2015	216.53	2.4 %	165.02	3.2 %	138.04	0.9 %
Q2 2015	222.48	4.0 %	167.07	4.4 %	137.10	(2.6 %)
Q3 2015	216.98	0.0 %	161.12	(0.3 %)	138.46	(1.6 %)
Q4 2015	223.32	4.1 %	167.85	2.3 %	145.07	8.7 %
Q1 2016	227.00	4.8 %	165.76	0.4 %	152.56	10.5 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
3m 2007	94.18	8.3 %	71.35	17.2 %	52.71	7.5 %
6m 2007	98.45	6.5 %	71.99	5.0 %	57.18	14.2 %
9m 2007	105.28	15.2 %	76.40	10.8 %	64.84	28.2 %
12m 2007	121.35	29.1 %	84.33	21.9 %	67.34	29.0 %
3m 2008	134.35	42.7 %	96.75	35.6 %	70.82	34.4 %
6m 2008	144.13	46.4 %	88.47	22.9 %	82.30	43.9 %
9m 2008	145.15	37.9 %	87.66	14.7 %	90.10	39.0 %
12m 2008	159.65	31.6 %	105.06	24.6 %	96.43	43.2 %
3m 2009	167.22	24.5 %	119.20	23.2 %	100.17	41.4 %
6m 2009	172.77	19.9 %	122.07	38.0 %	104.58	27.1 %
9m 2009	175.68	21.0 %	119.46	36.3 %	106.06	17.7 %
12m 2009	176.40	10.5 %	125.28	19.2 %	106.51	10.5 %
3m 2010	174.29	4.2 %	128.11	7.5 %	106.28	6.1 %
6m 2010	169.34	(2.0 %)	124.10	1.7 %	104.74	0.2 %
9m 2010	171.72	(2.3 %)	124.24	4.0 %	105.04	(1.0 %)
12m 2010	173.56	(1.6 %)	126.95	1.3 %	106.03	(0.5 %)
3m 2011	180.72	3.7 %	133.14	3.9 %	109.36	2.9 %
6m 2011	177.53	4.8 %	132.40	6.7 %	110.58	5.6 %
9m 2011	180.37	5.0 %	132.33	6.5 %	112.14	6.8 %
12m 2011	180.89	4.2 %	139.82	10.1 %	112.97	6.5 %
3m 2012	183.39	1.5 %	139.54	4.8 %	113.69	4.0 %
6m 2012	180.64	1.7 %	137.06	3.5 %	115.09	4.1 %
9m 2012	177.10	(1.8 %)	134.93	2.0 %	115.29	2.8 %
12m 2012	190.18	5.1 %	146.21	4.6 %	117.47	4.0 %
3m 2013	186.45	1.7 %	143.96	3.2 %	120.92	6.4 %
6m 2013	191.63	6.1 %	147.88	7.9 %	126.19	9.6 %
9m 2013	201.80	13.9 %	154.19	14.3 %	129.90	12.7 %
12m 2013	205.25	7.9 %	153.20	4.8 %	131.19	11.7 %
3m 2014	211.41	13.4 %	159.95	11.1 %	136.77	13.1 %
6m 2014	213.99	11.7 %	160.10	8.3 %	140.77	11.6 %
9m 2014	217.07	7.6 %	161.64	4.8 %	140.70	8.3 %
12m 2014	214.59	4.6 %	164.08	7.1 %	133.49	1.8 %
3m 2015	216.53	2.4 %	165.02	3.2 %	138.04	0.9 %
6m 2015	222.48	4.0 %	167.07	4.4 %	137.10	(2.6 %)
9m 2015	216.98	0.0 %	161.12	(0.3 %)	138.46	(1.6 %)
12m 2015	223.32	4.1 %	167.85	2.3 %	145.07	8.7 %
3m 2016	227.00	4.8 %	165.76	0.4 %	152.56	10.5 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
2006	94.02	17.4 %	69.19	31.2 %	52.18	14.4 %
2007	121.35	29.1 %	84.33	21.9 %	67.34	29.0 %
2008	159.65	31.6 %	105.06	24.6 %	96.43	43.2 %
2009	176.40	10.5 %	125.28	19.2 %	106.51	10.5 %
2010	173.56	(1.6 %)	126.95	1.3 %	106.03	(0.5 %)
2011	180.89	4.2 %	139.82	10.1 %	112.97	6.5 %
2012	190.18	5.1 %	146.21	4.6 %	117.47	4.0 %
2013	205.25	7.9 %	153.20	4.8 %	131.19	11.7 %
2014	214.59	4.6 %	164.08	7.1 %	133.49	1.8 %
2015	223.32	4.1 %	167.85	2.3 %	145.07	8.7 %

Ratios

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
Q1 2007	75.76 %	55.97 %	73.87 %
Q2 2007	73.13 %	58.08 %	79.43 %
Q3 2007	72.57 %	61.59 %	84.88 %
Q4 2007	69.49 %	55.49 %	79.85 %
Q1 2008	72.01 %	52.71 %	73.20 %
Q2 2008	61.38 %	57.10 %	93.02 %
Q3 2008	60.39 %	62.07 %	102.78 %
Q4 2008	65.80 %	60.40 %	91.79 %
Q1 2009	71.29 %	59.91 %	84.04 %
Q2 2009	70.66 %	60.53 %	85.67 %
Q3 2009	68.00 %	60.37 %	88.78 %
Q4 2009	71.02 %	60.38 %	85.02 %
Q1 2010	73.50 %	60.98 %	82.96 %
Q2 2010	73.29 %	61.86 %	84.40 %
Q3 2010	72.35 %	61.17 %	84.55 %
Q4 2010	73.14 %	61.10 %	83.53 %
Q1 2011	73.67 %	60.51 %	82.14 %
Q2 2011	74.58 %	62.28 %	83.51 %
Q3 2011	73.37 %	62.17 %	84.74 %
Q4 2011	77.30 %	62.45 %	80.80 %
Q1 2012	76.09 %	62.00 %	81.48 %
Q2 2012	75.87 %	63.71 %	83.97 %
Q3 2012	76.19 %	65.10 %	85.44 %
Q4 2012	76.88 %	61.77 %	80.34 %
Q1 2013	77.21 %	64.85 %	83.99 %
Q2 2013	77.17 %	65.85 %	85.33 %
Q3 2013	76.41 %	64.37 %	84.25 %
Q4 2013	74.64 %	63.92 %	85.63 %
Q1 2014	75.66 %	64.70 %	85.51 %
Q2 2014	74.82 %	65.78 %	87.93 %
Q3 2014	74.47 %	64.82 %	87.05 %
Q4 2014	76.46 %	62.21 %	81.36 %
Q1 2015	76.21 %	63.75 %	83.65 %
Q2 2015	75.10 %	61.62 %	82.06 %
Q3 2015	74.26 %	63.82 %	85.94 %
Q4 2015	75.16 %	64.96 %	86.42 %
Q1 2016	73.02 %	67.21 %	92.04 %

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
2006	73.60 %	55.50 %	75.42 %
2007	69.49 %	55.49 %	79.85 %
2008	65.80 %	60.40 %	91.79 %
2009	71.02 %	60.38 %	85.02 %
2010	73.14 %	61.10 %	83.53 %
2011	77.30 %	62.45 %	80.80 %
2012	76.88 %	61.77 %	80.34 %
2013	74.64 %	63.92 %	85.63 %
2014	76.46 %	62.21 %	81.36 %
2015	75.16 %	64.96 %	86.42 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
Q1 2007	2,402.84	1.12	1.12	-	4.82
Q2 2007	2,402.84	1.19	1.19	-	4.74
Q3 2007	2,402.84	1.22	1.22	-	5.08
Q4 2007	2,402.84	1.25	1.25	-	5.49
Q1 2008	2,402.84	1.27	1.27	-	5.34
Q2 2008	3,000.00	1.04	1.04	-	8.53
Q3 2008	3,000.00	0.97	0.97	-	8.57
Q4 2008	3,000.00	0.88	0.88	-	8.56
Q1 2009	3,000.00	0.80	0.80	-	8.45
Q2 2009	3,000.00	0.80	0.80	-	8.92
Q3 2009	3,000.00	0.88	0.88	-	9.05
Q4 2009	3,000.00	1.01	1.01	-	9.41
Q1 2010	3,000.00	1.09	1.09	-	9.27
Q2 2010	3,000.00	1.04	1.04	-	9.50
Q3 2010	3,000.00	0.99	0.99	-	9.49
Q4 2010	3,000.00	0.94	0.94	-	9.74
Q1 2011	3,000.00	0.96	0.96	-	9.62
Q2 2011	3,000.00	0.98	0.98	-	9.91
Q3 2011	3,000.00	1.05	1.05	-	9.84
Q4 2011	3,000.00	1.05	1.05	-	10.05
Q1 2012	3,000.00	1.10	1.10	-	10.11
Q2 2012	3,000.00	1.13	1.13	-	10.32
Q3 2012	3,000.00	1.14	1.14	-	10.35
Q4 2012	3,000.00	1.16	1.16	-	10.65
Q1 2013	3,000.00	1.17	1.17	-	10.61
Q2 2013	3,000.00	1.19	1.19	-	10.54
Q3 2013	3,000.00	1.24	1.24	-	10.85
Q4 2013	3,000.00	1.32	1.32	-	11.29
Q1 2014	3,000.00	1.36	1.36	-	11.25
Q2 2014	3,000.00	1.41	1.41	-	11.27
Q3 2014	3,000.00	1.44	1.44	-	11.62
Q4 2014	3,000.00	1.45	1.45	1.45	11.85
Q1 2015	3,000.00	1.48	1.48	1.48	12.25
Q2 2015	3,000.00	1.48	1.39	1.48	12.19
Q3 2015	3,000.00	1.42	1.33	1.42	11.92
Q4 2015	3,000.00	1.35	1.26	1.35	12.18
Q1 2016	3,000.00	1.35	1.19	1.35	12.42

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
2006	2,402.84	1.21	1.21	-	4.99
2007	2,402.84	1.25	1.25	-	5.49
2008	3,000.00	0.88	0.88	-	8.56
2009	3,000.00	1.01	1.01	-	9.41
2010	3,000.00	0.94	0.94	-	9.74
2011	3,000.00	1.05	1.05	-	10.05
2012	3,000.00	1.16	1.16	-	10.65
2013	3,000.00	1.32	1.32	-	11.29
2014	3,000.00	1.45	1.45	1.45	11.85
2015	3,000.00	1.35	1.26	1.35	12.18

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2007	16.10	16.10	3.74
Q2 2007	14.68	14.68	3.69
Q3 2007	16.16	16.16	3.86
Q4 2007	24.62	24.62	5.62
Q1 2008	20.23	20.23	4.80
Q2 2008	17.15	17.15	2.08
Q3 2008	16.18	16.18	1.83
Q4 2008	12.05	12.05	1.24
Q1 2009	12.87	12.87	1.21
Q2 2009	15.35	15.35	1.38
Q3 2009	16.94	16.94	1.65
Q4 2009	13.31	13.31	1.43
Q1 2010	13.97	13.97	1.65
Q2 2010	13.50	13.50	1.48
Q3 2010	14.28	14.28	1.49
Q4 2010	14.13	14.13	1.36
Q1 2011	13.74	13.74	1.37
Q2 2011	12.02	12.02	1.19
Q3 2011	11.32	11.32	1.20
Q4 2011	11.10	11.10	1.16
Q1 2012	11.69	11.69	1.28
Q2 2012	10.18	10.18	1.11
Q3 2012	9.92	9.92	1.10
Q4 2012	9.95	9.95	1.08
Q1 2013	9.77	9.77	1.08
Q2 2013	10.46	10.46	1.18
Q3 2013	10.59	10.59	1.21
Q4 2013	11.10	11.10	1.29
Q1 2014	12.84	12.84	1.55
Q2 2014	12.69	12.69	1.59
Q3 2014	14.65	14.65	1.82
Q4 2014	11.72	11.72	1.43
Q1 2015	11.36	11.36	1.37
Q2 2015	11.26	11.98	1.37
Q3 2015	9.87	10.53	1.18
Q4 2015	9.20	9.85	1.02
Q1 2016	8.33	9.42	0.91

Period	P/E	Adjusted P/E	Price/book
2006	17.31	17.31	4.20
2007	24.62	24.62	5.62
2008	12.05	12.05	1.24
2009	13.31	13.31	1.43
2010	14.13	14.13	1.36
2011	11.10	11.10	1.16
2012	9.95	9.95	1.08
2013	11.10	11.10	1.29
2014	11.72	11.72	1.43
2015	9.20	9.85	1.02

Business Segments (Million)

Compared With The

Period	Corporate and Institutional Banking	Retail	Trade and other business	Investment Banking and Brokerage	Others..
Q1 2007	403.82	511.96	183.86	-	107.37
Q2 2007	518.82	502.76	243.71	-	108.25
Q3 2007	520.89	524.01	106.32	-	95.75
Q4 2007	461.08	561.37	206.98	-	111.17
Q1 2008	597.99	499.80	(72.41)	67.68	119.17
Q2 2008	542.56	485.49	190.47	110.43	117.05
Q3 2008	560.18	462.30	(326.35)	99.38	262.83
Q4 2008	358.14	379.30	391.39	66.94	336.00
Q1 2009	543.46	404.68	112.81	45.18	353.24
Q2 2009	661.63	442.30	53.16	64.67	302.65
Q3 2009	655.93	389.83	(0.25)	46.33	309.00
Q4 2009	657.71	428.86	(31.26)	82.33	437.87
Q1 2010	645.79	396.76	152.93	52.71	221.22
Q2 2010	596.25	441.75	214.00	70.11	205.15
Q3 2010	592.32	442.06	261.22	48.11	154.46
Q4 2010	614.60	375.11	223.17	58.55	214.19
Q1 2011	666.58	454.30	64.92	70.63	270.42
Q2 2011	741.78	516.95	468.40	80.77	(238.22)
Q3 2011	724.26	444.10	274.09	69.30	60.80
Q4 2011	723.67	506.07	262.36	76.83	37.80
Q1 2012	679.04	509.01	230.75	109.10	115.98
Q2 2012	762.63	531.61	415.54	91.62	2.90
Q3 2012	775.24	448.93	263.35	78.57	101.61
Q4 2012	726.82	517.09	240.89	74.23	111.34
Q1 2013	742.94	526.07	318.13	86.74	50.77
Q2 2013	832.84	629.02	258.35	88.54	6.73
Q3 2013	791.26	604.78	255.57	84.63	2.45
Q4 2013	845.08	613.48	209.64	92.89	34.14
Q1 2014	923.48	587.96	269.14	92.29	59.18
Q2 2014	889.64	681.85	334.94	113.23	75.32
Q3 2014	858.09	615.03	349.86	102.37	64.91
Q4 2014	950.36	617.23	242.76	100.75	83.42
Q1 2015	939.86	652.58	326.35	92.89	36.12
Q2 2015	886.75	658.54	251.82	103.87	267.05
Q3 2015	783.54	635.58	374.95	73.52	(5.48)
Q4 2015	758.45	785.92	177.09	92.85	73.72
Q1 2016	784.82	646.82	173.87	71.64	310.02

Period	Corporate and Institutional Banking	Retail	Trade and other business	Investment Banking and Brokerage	Others..
2006	1,187.77	2,252.53	995.59	-	450.25
2007	1,904.62	2,100.09	740.88	-	422.54
2008	2,058.87	1,826.90	183.10	344.44	835.06
2009	2,518.72	1,665.67	134.46	238.51	1,402.75
2010	2,448.96	1,655.68	851.32	229.48	795.02
2011	2,856.30	1,921.41	1,069.76	297.53	130.80
2012	2,943.74	2,006.64	1,150.53	353.52	331.83
2013	3,212.11	2,373.35	1,041.68	352.79	94.09
2014	3,621.56	2,502.06	1,196.69	408.64	282.82
2015	3,368.60	2,732.62	1,130.21	363.13	371.41

Analysts Estimates (Million)

Item	Q1 2016 (e)	Q1 2016 (a)	Change‬
Average	1,134.10	1,173.72	3.49 %

Estimates vs Actual (Million)

Item	Q1 2016 (e)	Q1 2016 (a)	Change
HSBC	1,106.00	1,173.72	6.1 %
SNB Capital	1,089.00	1,173.72	7.8 %
SFC	1,274.00	1,173.72	(7.9) %
Alistithmar Capital	1,067.40	1,173.72	10.0 %

Financial Ratios

	Current
Market Cap (M Riyal)	73,980.00
Shares Outstanding ((M))	3,000.00
EPS ( Riyal) (TTM)	2.70
EPS Diluted ( Riyal) (TTM)	2.60
Book Value (BV) ( Riyal)	17.84
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	9.13
P/E (TTM)	9.13
Price/book	1.38
Return on Average Assets (%) (TTM)	2.1
Return on Average Equity (%) (TTM)	15.8

Riyad Bank (RIBL)

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Riyad Bank Q1 net profit remains flat at SAR 1.17 bln

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Riyad Bank Q1 net profit remains flat at SAR 1.17 bln

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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) Q1 2016

Revenue by Business Segment (Latest) 2016 Q1

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Riyad Bank (RIBL)

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