Riyad Bank posts 20% profit jump in FY18

30/01/2019 Argaam Exclusive

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Riyad Bank reported a 19.5 percent increase year-on-year (YoY) in net profit to SAR 4.7 billion for fiscal year 2018, driven by a 10.4 percent rise in gross operating income, on higher net special commission income.

During 2018, the bank’s total operating expenses jumped 2.4 percent, on increased salaries and G&As.

Financials (M)

Item	2017	2018	Change‬
Net Special Commission Income	5,935.08	6,628.46	11.7 %
Operating Income	8,125.21	8,967.40	10.4 %
Total Provisions	(1227.49)	(938.71)	23.5 %
Net Income	3,946.00	3,092.09	(21.6 %)
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	1.32	1.03	(21.6 %)
EPS Diluted (Riyals)	1.32	1.03	(22.0 %)

Current Quarter Comparison (M)

Compared With The

Item	Q4 2017	Q4 2018	Change‬
Net Special Commission Income	1,497.87	1,758.30	17.4 %
Operating Income	2,057.89	2,383.44	15.8 %
Debt Provisions	(350.80)	(170.37)	51.4 %
Net Income	973.88	387.75	(60.2 %)
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.32	0.13	(60.2 %)
EPS Diluted (Riyal)	0.33	0.13	(60.6 %)

Item	Q3 2018	Q4 2018	Change‬
Net Special Commission Income	1,717.41	1,758.30	2.4 %
Operating Income	2,280.89	2,383.44	4.5 %
Debt Provisions	(243.09)	(170.37)	29.9 %
Net Income	945.01	387.75	(59.0 %)
Average Shares	3,000.00	3,000.00	-
EPS (Riyals)	0.32	0.13	(59.0 %)
EPS Diluted (Riyal)	0.32	0.13	(59.4 %)

Balance Sheet (B)

Item	2017	2018	Change‬
Assets	216.28	229.90	6.3 %
Customer Deposits	154.37	169.82	10.0 %
Loan	138.84	151.02	8.8 %

Financial results (Million)

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change	Net Income	Change	EPS(Riyal)
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
Q2 2016	1,360.12	5.2 %	2,026.99	6.6 %	(85.11)	73.0 %	1,145.98	1.6 %	0.38
Q3 2016	1,320.55	4.7 %	1,854.88	(0.4 %)	(335.22)	6.4 %	729.43	(18.8 %)	0.24
Q4 2016	1,353.05	0.7 %	1,833.24	(2.9 %)	(761.26)	(231.7 %)	293.37	(65.5 %)	0.10
2016	5,301.03	2.3 %	7,501.28	(2.6 %)	(1,286.40)	(24.8 %)	3,342.49	(17.5 %)	1.11
Q1 2017	1,425.31	12.5 %	2,007.29	12.4 %	(217.11)	(107.1 %)	1,047.36	(10.8 %)	0.35
Q2 2017	1,473.21	8.3 %	1,983.91	(2.1 %)	(371.45)	(336.4 %)	847.92	(26.0 %)	0.28
Q3 2017	1,538.68	16.5 %	2,076.13	11.9 %	(288.12)	14.0 %	1,076.85	47.6 %	0.36
Q4 2017	1,497.87	10.7 %	2,057.89	12.3 %	(350.80)	53.9 %	973.88	232.0 %	0.32
2017	5,935.08	12.0 %	8,125.21	8.3 %	(1,227.49)	4.6 %	3,946.00	18.1 %	1.32
Q1 2018	1,523.19	6.9 %	2,129.55	6.1 %	(196.44)	9.5 %	916.83	(12.5 %)	0.31
Q2 2018	1,629.57	10.6 %	2,173.53	9.6 %	(328.81)	11.5 %	842.49	(0.6 %)	0.28
Q3 2018	1,717.41	11.6 %	2,280.89	9.9 %	(243.09)	15.6 %	945.01	(12.2 %)	0.32
Q4 2018	1,758.30	17.4 %	2,383.44	15.8 %	(170.37)	51.4 %	387.75	(60.2 %)	0.13
2018	6,628.46	11.7 %	8,967.40	10.4 %	(938.71)	23.5 %	3,092.09	(21.6 %)	1.03

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change	Net Income	Change	EPS(Riyal)
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
2016	5,301.03	2.3 %	7,501.28	(2.6 %)	(1,286.40)	(24.8 %)	3,342.49	(17.5 %)	1.11
2017	5,935.08	12.0 %	8,125.21	8.3 %	(1,227.49)	4.6 %	3,946.00	18.1 %	1.32
2018	6,628.46	11.7 %	8,967.40	10.4 %	(938.71)	23.5 %	3,092.09	(21.6 %)	1.03

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
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 %
Q2 2016	1.81 %	11.00 %	69.18 %
Q3 2016	1.77 %	10.71 %	70.03 %
Q4 2016	1.52 %	9.09 %	70.67 %
2016	1.52 %	9.09 %	70.67 %
Q1 2017	1.45 %	8.67 %	70.69 %
Q2 2017	1.31 %	7.88 %	72.56 %
Q3 2017	1.48 %	8.74 %	73.29 %
Q4 2017	1.82 %	10.44 %	73.05 %
2017	1.82 %	10.44 %	73.05 %
Q1 2018	1.77 %	10.43 %	73.15 %
Q2 2018	1.75 %	10.36 %	73.36 %
Q3 2018	1.66 %	9.89 %	73.69 %
Q4 2018	1.39 %	8.20 %	73.92 %
2018	1.39 %	8.20 %	73.92 %

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
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 %
2016	1.52 %	9.09 %	70.67 %
2017	1.82 %	10.44 %	73.05 %
2018	1.39 %	8.20 %	73.92 %

Balance Sheet (B)

Period	Assets	Change	Customer Deposits	Change	Loan	Change
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 %
Q2 2016	227.78	2.4 %	164.04	(1.8 %)	154.67	12.8 %
Q3 2016	223.47	3.0 %	160.82	(0.2 %)	152.63	10.2 %
Q4 2016	217.62	(2.6 %)	156.68	(6.7 %)	142.91	(1.5 %)
Q1 2017	216.32	(4.7 %)	154.19	(7.0 %)	140.92	(7.6 %)
Q2 2017	218.99	(3.9 %)	156.98	(4.3 %)	141.18	(8.7 %)
Q3 2017	218.22	(2.3 %)	156.05	(3.0 %)	142.07	(6.9 %)
Q4 2017	216.28	(0.6 %)	154.37	(1.5 %)	138.84	(2.8 %)
Q1 2018	213.67	(1.2 %)	151.92	(1.5 %)	141.22	0.2 %
Q2 2018	215.48	(1.6 %)	153.42	(2.3 %)	144.31	2.2 %
Q3 2018	225.97	3.5 %	159.24	2.0 %	145.76	2.6 %
Q4 2018	229.90	6.3 %	169.82	10.0 %	151.02	8.8 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
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 %
6m 2016	227.78	2.4 %	164.04	(1.8 %)	154.67	12.8 %
9m 2016	223.47	3.0 %	160.82	(0.2 %)	152.63	10.2 %
12m 2016	217.62	(2.6 %)	156.68	(6.7 %)	142.91	(1.5 %)
3m 2017	216.32	(4.7 %)	154.19	(7.0 %)	140.92	(7.6 %)
6m 2017	218.99	(3.9 %)	156.98	(4.3 %)	141.18	(8.7 %)
9m 2017	218.22	(2.3 %)	156.05	(3.0 %)	142.07	(6.9 %)
12m 2017	216.28	(0.6 %)	154.37	(1.5 %)	138.84	(2.8 %)
3m 2018	213.67	(1.2 %)	151.92	(1.5 %)	141.22	0.2 %
6m 2018	215.48	(1.6 %)	153.42	(2.3 %)	144.31	2.2 %
9m 2018	225.97	3.5 %	159.24	2.0 %	145.76	2.6 %
12m 2018	229.90	6.3 %	169.82	10.0 %	151.02	8.8 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
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 %
2016	217.62	(2.6 %)	156.68	(6.7 %)	142.91	(1.5 %)
2017	216.28	(0.6 %)	154.37	(1.5 %)	138.84	(2.8 %)
2018	229.90	6.3 %	169.82	10.0 %	151.02	8.8 %

Ratios

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
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 %
Q2 2016	72.02 %	67.90 %	94.28 %
Q3 2016	71.96 %	68.30 %	94.91 %
Q4 2016	72.00 %	65.67 %	91.21 %
Q1 2017	71.28 %	65.14 %	91.39 %
Q2 2017	71.68 %	64.47 %	89.94 %
Q3 2017	71.51 %	65.10 %	91.04 %
Q4 2017	71.37 %	64.19 %	89.94 %
Q1 2018	71.10 %	66.09 %	92.96 %
Q2 2018	71.20 %	66.97 %	94.06 %
Q3 2018	70.47 %	64.51 %	91.53 %
Q4 2018	73.87 %	65.69 %	88.93 %

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
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 %
2016	72.00 %	65.67 %	91.21 %
2017	71.37 %	64.19 %	89.94 %
2018	73.87 %	65.69 %	88.93 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
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
Q2 2016	3,000.00	1.36	1.29	1.35	12.47
Q3 2016	3,000.00	1.30	1.23	1.29	12.35
Q4 2016	3,000.00	1.11	1.05	1.10	12.32
Q1 2017	3,000.00	1.07	1.07	1.06	12.32
Q2 2017	3,000.00	0.97	0.97	0.96	12.21
Q3 2017	3,000.00	1.09	1.09	1.08	12.56
Q4 2017	3,000.00	1.32	1.32	1.32	12.87
Q1 2018	3,000.00	1.27	1.27	1.35	12.06
Q2 2018	3,000.00	1.27	1.27	1.35	12.31
Q3 2018	3,000.00	1.23	1.23	1.31	12.25
Q4 2018	3,000.00	1.03	1.28	1.11	12.26

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
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
2016	3,000.00	1.11	1.05	1.11	12.32
2017	3,000.00	1.32	1.32	1.32	12.87
2018	3,000.00	1.03	1.28	1.03	12.26

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q2 2016	8.10	8.52	0.88
Q3 2016	7.76	8.18	0.81
Q4 2016	10.50	11.17	0.94
Q1 2017	9.94	9.94	0.86
Q2 2017	11.40	11.40	0.90
Q3 2017	10.88	10.88	0.94
Q4 2017	9.47	9.47	0.97
Q1 2018	10.27	10.27	1.15
Q2 2018	12.04	12.04	1.32
Q3 2018	12.69	12.69	1.36
Q4 2018	17.86	14.39	1.62

Period	P/E	Adjusted P/E	Price/book
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
2016	10.41	11.07	0.94
2017	9.47	9.47	0.97
2018	19.24	15.51	1.62

Business Segments (Million)

Compared With The

Period	Corporate and Institutional Banking	Retail	Trade and other business	Investment Banking and Brokerage	Others..
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
Q2 2016	689.06	645.57	418.92	81.80	191.64
Q3 2016	678.28	541.65	360.81	60.72	213.42
Q4 2016	711.12	487.81	281.76	68.43	284.12
Q1 2017	841.43	651.85	446.76	67.25	-
Q2 2017	888.49	648.55	366.37	80.51	-
Q3 2017	895.84	679.78	423.44	77.07	-
Q4 2017	845.40	694.78	439.93	77.78	-
Q1 2018	820.77	714.54	505.55	88.69	-
Q2 2018	837.53	720.71	529.62	85.68	-
Q3 2018	857.56	741.72	587.16	94.44	-
Q4 2018	1,036.97	1,020.89	214.08	111.49	-

Period	Corporate and Institutional Banking	Retail	Trade and other business	Investment Banking and Brokerage	Others..
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
2016	2,863.27	2,321.85	1,235.36	282.60	999.20
2017	3,471.16	2,674.96	1,676.49	302.60	-
2018	3,576.04	3,197.39	1,814.14	379.83	-

Analysts Estimates (Million)

Item	Q4 2018 (e)	Q4 2018 (a)	Change‬
Average	1,073.00	387.75	(63.9 %)

Estimates vs Actual (Million)

Item	Q4 2018 (e)	Q4 2018 (a)	Change
OSOOL AND BAKHEET	950.00	387.75	(59.2) %
Sico	1,086.00	387.75	(64.3) %
SNB Capital	1,183.00	387.75	(67.2) %

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 posts 20% profit jump in FY18

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Riyad Bank posts 20% profit jump in FY18

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Financials (M)

Current Quarter Comparison (M)

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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)

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Riyad Bank (RIBL)

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