Alinma Bank reported a net profit of SAR 2.738 billion for the first nine months of 2022, an increase of 31% compared to SAR 2.090 billion in a year-earlier period.
The nine-month total operating income jumped by 16.8%, mainly on higher net income from financing and investment, fee income, fair value through income statement (FVIS) investment income, exchange income and other operating income.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 3,830.96 | 4,398.66 | 14.8 % |
| Operating Income | 4,979.44 | 5,815.18 | 16.8 % |
| Total Provisions | (962.62) | (761.91) | 20.9 % |
| Net Income | 2,090.26 | 2,738.86 | 31.0 % |
| Average Shares | 2,500.00 | 2,500.00 | - |
| EPS (Riyals) | 0.84 | 1.10 | 31.0 % |
| EPS Diluted (Riyals) | 0.84 | 1.06 | 26.7 % |
Q3 2022 net profit amounted to SAR 989 million, up 34% from SAR 738.1 million in a prior-year period, due to a 20.5% year-on-year (YoY) surge in total operating income, mainly on the increase in net income from financing and investment, fee income, exchange income and other operating income.
On a sequential basis, Q3 net profit grew 6.91% from SAR 925.09 million in Q2 2022.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 1,392.89 | 1,673.65 | 20.2 % |
| Operating Income | 1,722.06 | 2,075.43 | 20.5 % |
| Debt Provisions | (279.06) | (272.53) | 2.3 % |
| Net Income | 738.09 | 989.03 | 34.0 % |
| Average Shares | 2,500.00 | 2,500.00 | - |
| EPS (Riyals) | 0.30 | 0.40 | 34.0 % |
| EPS Diluted (Riyal) | 0.30 | 0.38 | 28.0 % |
Shareholders’ equity, no minority interest, excluding sukuk, reached SAR 26.302 billion by the end of the nine-month period, compared to SAR 25.164 billion in a year-earlier period.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Assets | 166.81 | 193.23 | 15.8 % |
| Customer Deposits | 116.65 | 132.05 | 13.2 % |
| Financing Investments | 121.32 | 139.99 | 15.4 % |
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