Riyad Bank reported a 22% jump in net profit to SAR 6.09 billion for the first nine months of 2023, compared to SAR 4.99 billion in the prior-year period.
| Item | 9m 2022 | 9m 2023 | Change |
|---|---|---|---|
| Net Special Commission Income | 7,200.79 | 9,272.34 | 28.8 % |
| Operating Income | 9,857.12 | 11,966.69 | 21.4 % |
| Total Provisions | (652.71) | (1369.53) | (109.8 %) |
| Net Income | 4,991.49 | 6,091.28 | 22.0 % |
| Average Shares | 3,000.00 | 3,000.00 | - |
| EPS (Riyals) | 1.66 | 2.03 | 22.0 % |
| EPS Diluted (Riyals) | 1.64 | 1.95 | 18.9 % |
The higher profit was spurred by an increase in the total operating income, thanks to a rise in net special commission income, net trading income, net foreign exchange income and other operating income. This was partially offset by a decrease in the net gains realized on disposal of non-trading investments, and dividend income.
By contrast, total operating expenses (OpEx) increased mainly due to a rise in impairment charges for credit losses and other financial assets, employee salaries and related expenses, other general and administrative expenses, depreciation of property and equipment, and the right of use assets. This was offset by lower impairment charge for investments, and, net and other operating expenses.
| Item | Q3 2022 | Q3 2023 | Change |
|---|---|---|---|
| Net Special Commission Income | 2,672.19 | 3,074.87 | 15.1 % |
| Operating Income | 3,525.13 | 3,978.14 | 12.9 % |
| Debt Provisions | (203.53) | (304.20) | (49.5 %) |
| Net Income | 1,827.67 | 2,089.37 | 14.3 % |
| Average Shares | 3,000.00 | 3,000.00 | - |
| EPS (Riyals) | 0.61 | 0.70 | 14.3 % |
| EPS Diluted (Riyal) | 0.60 | 0.67 | 11.7 % |
| Item | Q2 2023 | Q3 2023 | Change |
|---|---|---|---|
| Net Special Commission Income | 3,109.12 | 3,074.87 | (1.1 %) |
| Operating Income | 3,952.32 | 3,978.14 | 0.7 % |
| Debt Provisions | (484.44) | (304.20) | 37.2 % |
| Net Income | 1,982.32 | 2,089.37 | 5.4 % |
| Average Shares | 3,000.00 | 3,000.00 | - |
| EPS (Riyals) | 0.66 | 0.70 | 5.4 % |
| EPS Diluted (Riyal) | 0.64 | 0.67 | 4.7 % |
The third-quarter net profit jumped 14% to SAR 2.08 billion from SAR 1.82 billion in Q3 2022, thanks to a rise in the total operating income, due to higher net special commission income, and net trading income, despite a decline in net foreign exchange income and other operating income. Net gains from the disposal of non-trading investments also decreased.
OpEx increased on higher impairment charges for credit losses and other financial assets, employee salaries and related expenses, other general and administrative expenses, depreciation of property and equipment, and the right of use assets. This was offset by lower impairment charge for investments, and, net and other operating expenses.
The bank’s bottom line grew by 5.4% from SAR 1.98 billion in Q2 2023, driven by better operating income and lower OpEx.
| Item | 9m 2022 | 9m 2023 | Change |
|---|---|---|---|
| Assets | 347.88 | 377.01 | 8.4 % |
| Customer Deposits | 235.89 | 254.72 | 8.0 % |
| Loan | 241.59 | 267.15 | 10.6 % |
Shareholders’ equity, no minority interest, stood at SAR 50.88 billion by the end of Sept. 30, 2023, compared to SAR 46.77 billion in the year-earlier period.
| Period | Net Special Commission Income | Change | Operating Income | Change | Debt Provisions | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Q1 2019 | 1,808.72 | 18.7 % | 2,580.14 | 21.2 % | (162.37) | 17.3 % | 1,484.79 | 61.9 % | 0.49 |
| Q2 2019 | 1,962.95 | 20.5 % | 2,669.57 | 22.8 % | (283.05) | 13.9 % | 1,499.75 | 78.0 % | 0.50 |
| Q3 2019 | 2,034.23 | 18.4 % | 2,762.69 | 21.1 % | (189.84) | 21.9 % | 1,506.35 | 59.4 % | 0.50 |
| Q4 2019 | 2,031.12 | 15.5 % | 2,704.66 | 13.5 % | (334.93) | (96.6 %) | 1,111.18 | 186.6 % | 0.37 |
| 2019 | 7,837.02 | 18.2 % | 10,717.06 | 19.5 % | (970.20) | (3.4 %) | 5,602.07 | 81.2 % | 1.87 |
| Q1 2020 | 1,989.32 | 10.0 % | 2,885.48 | 11.8 % | (303.40) | (86.9 %) | 1,476.43 | (0.6 %) | 0.49 |
| Q2 2020 | 2,115.75 | 7.8 % | 2,708.95 | 1.5 % | (569.99) | (101.4 %) | 1,063.05 | (29.1 %) | 0.35 |
| Q3 2020 | 2,072.67 | 1.9 % | 2,820.99 | 2.1 % | (466.07) | (145.5 %) | 1,295.98 | (14.0 %) | 0.43 |
| Q4 2020 | 2,035.87 | 0.2 % | 2,789.71 | 3.1 % | (647.62) | (93.4 %) | 879.54 | (20.8 %) | 0.29 |
| 2020 | 8,213.61 | 4.8 % | 11,205.12 | 4.6 % | (1,987.07) | (104.8 %) | 4,715.00 | (15.8 %) | 1.57 |
| Q1 2021 | 2,095.80 | 5.4 % | 2,823.83 | (2.1 %) | (249.40) | 17.8 % | 1,353.62 | (8.3 %) | 0.45 |
| Q2 2021 | 2,146.02 | 1.4 % | 2,978.09 | 9.9 % | (229.32) | 59.8 % | 1,511.60 | 42.2 % | 0.50 |
| Q3 2021 | 1,981.71 | (4.4 %) | 2,816.58 | (0.2 %) | (138.62) | 70.3 % | 1,542.81 | 19.0 % | 0.51 |
| Q4 2021 | 2,069.63 | 1.7 % | 2,949.34 | 5.7 % | (243.52) | 62.4 % | 1,617.36 | 83.9 % | 0.54 |
| 2021 | 8,293.17 | 1.0 % | 11,567.84 | 3.2 % | (860.85) | 56.7 % | 6,025.38 | 27.8 % | 2.01 |
| Q1 2022 | 2,131.88 | 1.7 % | 3,101.53 | 9.8 % | (147.66) | 40.8 % | 1,552.59 | 14.7 % | 0.52 |
| Q2 2022 | 2,396.73 | 11.7 % | 3,230.47 | 8.5 % | (301.53) | (31.5 %) | 1,611.23 | 6.6 % | 0.54 |
| Q3 2022 | 2,672.19 | 34.8 % | 3,525.13 | 25.2 % | (203.53) | (46.8 %) | 1,827.67 | 18.5 % | 0.61 |
| Q4 2022 | 2,851.65 | 37.8 % | 3,742.24 | 26.9 % | (377.88) | (55.2 %) | 2,027.83 | 25.4 % | 0.68 |
| 2022 | 10,052.45 | 21.2 % | 13,599.37 | 17.6 % | (1,030.59) | (19.7 %) | 7,019.32 | 16.5 % | 2.34 |
| Q1 2023 | 3,088.35 | 44.9 % | 4,036.23 | 30.1 % | (580.89) | (293.4 %) | 2,019.59 | 30.1 % | 0.67 |
| Q2 2023 | 3,109.12 | 29.7 % | 3,952.32 | 22.3 % | (484.44) | (60.7 %) | 1,982.32 | 23.0 % | 0.66 |
| Q3 2023 | 3,074.87 | 15.1 % | 3,978.14 | 12.9 % | (304.20) | (49.5 %) | 2,089.37 | 14.3 % | 0.70 |
| Period | Net Special Commission Income | Change | Operating Income | Change | Debt Provisions | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 2019 | 7,837.02 | 18.2 % | 10,717.06 | 19.5 % | (970.20) | (3.4 %) | 5,602.07 | 81.2 % | 1.87 |
| 2020 | 8,213.61 | 4.8 % | 11,205.12 | 4.6 % | (1,987.07) | (104.8 %) | 4,715.00 | (15.8 %) | 1.57 |
| 2021 | 8,293.17 | 1.0 % | 11,567.84 | 3.2 % | (860.85) | 56.7 % | 6,025.38 | 27.8 % | 2.01 |
| 2022 | 10,052.45 | 21.2 % | 13,599.37 | 17.6 % | (1,030.59) | (19.7 %) | 7,019.32 | 16.5 % | 2.34 |
| Period | Return On Average Assets | Return on Average Equity | Net Interest Income/Total Operating Income |
|---|---|---|---|
| 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 % |
| Q1 2019 | 1.62 % | 9.92 % | 73.41 % |
| Q2 2019 | 1.87 % | 11.31 % | 73.10 % |
| Q3 2019 | 2.05 % | 12.84 % | 72.76 % |
| Q4 2019 | 2.26 % | 14.49 % | 73.13 % |
| 2019 | 2.26 % | 14.49 % | 73.13 % |
| Q1 2020 | 2.15 % | 14.83 % | 72.74 % |
| Q2 2020 | 1.91 % | 12.86 % | 73.86 % |
| Q3 2020 | 1.77 % | 12.08 % | 73.82 % |
| Q4 2020 | 1.64 % | 11.10 % | 73.30 % |
| 2020 | 1.64 % | 11.10 % | 73.30 % |
| Q1 2021 | 1.56 % | 11.20 % | 74.66 % |
| Q2 2021 | 1.65 % | 11.81 % | 73.17 % |
| Q3 2021 | 1.69 % | 11.92 % | 72.40 % |
| Q4 2021 | 1.90 % | 13.15 % | 71.69 % |
| 2021 | 1.90 % | 13.15 % | 71.69 % |
| Q1 2022 | 1.90 % | 13.49 % | 70.32 % |
| Q2 2022 | 1.87 % | 13.87 % | 70.92 % |
| Q3 2022 | 1.98 % | 14.24 % | 72.39 % |
| Q4 2022 | 2.05 % | 14.49 % | 73.92 % |
| 2022 | 2.05 % | 14.49 % | 73.92 % |
| Q1 2023 | 2.05 % | 15.38 % | 75.75 % |
| Q2 2023 | 2.10 % | 16.07 % | 76.83 % |
| Q3 2023 | 2.24 % | 16.63 % | 77.18 % |
| Period | Return On Average Assets | Return on Average Equity | Net Interest Income/Total Operating Income |
|---|---|---|---|
| 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 % |
| 2019 | 2.26 % | 14.49 % | 73.13 % |
| 2020 | 1.64 % | 11.10 % | 73.30 % |
| 2021 | 1.90 % | 13.15 % | 71.69 % |
| 2022 | 2.05 % | 14.49 % | 73.92 % |
| Period | Assets | Change | Customer Deposits | Change | Loan | Change |
|---|---|---|---|---|---|---|
| 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 % |
| Q1 2019 | 239.52 | 12.1 % | 173.49 | 14.2 % | 158.24 | 12.1 % |
| Q2 2019 | 246.12 | 14.2 % | 176.51 | 15.1 % | 161.32 | 11.8 % |
| Q3 2019 | 250.57 | 10.9 % | 177.67 | 11.6 % | 166.28 | 14.1 % |
| Q4 2019 | 265.79 | 15.6 % | 194.52 | 14.5 % | 173.98 | 15.2 % |
| Q1 2020 | 279.70 | 16.8 % | 192.90 | 11.2 % | 182.78 | 15.5 % |
| Q2 2020 | 295.08 | 19.9 % | 199.99 | 13.3 % | 187.65 | 16.3 % |
| Q3 2020 | 308.56 | 23.1 % | 201.29 | 13.3 % | 190.82 | 14.8 % |
| Q4 2020 | 310.09 | 16.7 % | 203.04 | 4.4 % | 191.35 | 10.0 % |
| Q1 2021 | 308.04 | 10.1 % | 198.60 | 3.0 % | 196.44 | 7.5 % |
| Q2 2021 | 317.27 | 7.5 % | 202.45 | 1.2 % | 204.74 | 9.1 % |
| Q3 2021 | 318.66 | 3.3 % | 204.00 | 1.3 % | 210.48 | 10.3 % |
| Q4 2021 | 325.74 | 5.0 % | 211.68 | 4.3 % | 217.29 | 13.6 % |
| Q1 2022 | 348.47 | 13.1 % | 232.42 | 17.0 % | 234.79 | 19.5 % |
| Q2 2022 | 357.95 | 12.8 % | 237.48 | 17.3 % | 239.65 | 17.0 % |
| Q3 2022 | 347.88 | 9.2 % | 235.89 | 15.6 % | 241.59 | 14.8 % |
| Q4 2022 | 359.65 | 10.4 % | 240.01 | 13.4 % | 242.36 | 11.5 % |
| Q1 2023 | 380.62 | 9.2 % | 257.28 | 10.7 % | 251.98 | 7.3 % |
| Q2 2023 | 389.24 | 8.7 % | 272.27 | 14.7 % | 263.15 | 9.8 % |
| Q3 2023 | 377.01 | 8.4 % | 254.72 | 8.0 % | 267.15 | 10.6 % |
| Period | Assets | Change | Customer Deposits | Change | Loan | Change |
|---|---|---|---|---|---|---|
| 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 % |
| 3m 2019 | 239.52 | 12.1 % | 173.49 | 14.2 % | 158.24 | 12.1 % |
| 6m 2019 | 246.12 | 14.2 % | 176.51 | 15.1 % | 161.32 | 11.8 % |
| 9m 2019 | 250.57 | 10.9 % | 177.67 | 11.6 % | 166.28 | 14.1 % |
| 12m 2019 | 265.79 | 15.6 % | 194.52 | 14.5 % | 173.98 | 15.2 % |
| 3m 2020 | 279.70 | 16.8 % | 192.90 | 11.2 % | 182.78 | 15.5 % |
| 6m 2020 | 295.08 | 19.9 % | 199.99 | 13.3 % | 187.65 | 16.3 % |
| 9m 2020 | 308.56 | 23.1 % | 201.29 | 13.3 % | 190.82 | 14.8 % |
| 12m 2020 | 310.09 | 16.7 % | 203.04 | 4.4 % | 191.35 | 10.0 % |
| 3m 2021 | 308.04 | 10.1 % | 198.60 | 3.0 % | 196.44 | 7.5 % |
| 6m 2021 | 317.27 | 7.5 % | 202.45 | 1.2 % | 204.74 | 9.1 % |
| 9m 2021 | 318.66 | 3.3 % | 204.00 | 1.3 % | 210.48 | 10.3 % |
| 12m 2021 | 325.74 | 5.0 % | 211.68 | 4.3 % | 217.29 | 13.6 % |
| 3m 2022 | 348.47 | 13.1 % | 232.42 | 17.0 % | 234.79 | 19.5 % |
| 6m 2022 | 357.95 | 12.8 % | 237.48 | 17.3 % | 239.65 | 17.0 % |
| 9m 2022 | 347.88 | 9.2 % | 235.89 | 15.6 % | 241.59 | 14.8 % |
| 12m 2022 | 359.65 | 10.4 % | 240.01 | 13.4 % | 242.36 | 11.5 % |
| 3m 2023 | 380.62 | 9.2 % | 257.28 | 10.7 % | 251.98 | 7.3 % |
| 6m 2023 | 389.24 | 8.7 % | 272.27 | 14.7 % | 263.15 | 9.8 % |
| 9m 2023 | 377.01 | 8.4 % | 254.72 | 8.0 % | 267.15 | 10.6 % |
| Period | Assets | Change | Customer Deposits | Change | Loan | Change |
|---|---|---|---|---|---|---|
| 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 % |
| 2019 | 265.79 | 15.6 % | 194.52 | 14.5 % | 173.98 | 15.2 % |
| 2020 | 310.09 | 16.7 % | 203.04 | 4.4 % | 191.35 | 10.0 % |
| 2021 | 325.74 | 5.0 % | 211.68 | 4.3 % | 217.29 | 13.6 % |
| 2022 | 359.65 | 10.4 % | 240.01 | 13.4 % | 242.36 | 11.5 % |
| Period | Customer Deposits Per Total Assets | Loans and advances/Total assets | Loans and advances/Customers Deposits |
|---|---|---|---|
| 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 % |
| Q1 2019 | 72.43 % | 66.07 % | 91.21 % |
| Q2 2019 | 71.72 % | 65.55 % | 91.40 % |
| Q3 2019 | 70.91 % | 66.36 % | 93.59 % |
| Q4 2019 | 73.19 % | 65.46 % | 89.44 % |
| Q1 2020 | 68.97 % | 65.35 % | 94.75 % |
| Q2 2020 | 67.77 % | 63.59 % | 93.83 % |
| Q3 2020 | 65.24 % | 61.84 % | 94.80 % |
| Q4 2020 | 65.48 % | 61.71 % | 94.24 % |
| Q1 2021 | 64.47 % | 63.77 % | 98.91 % |
| Q2 2021 | 63.81 % | 64.53 % | 101.13 % |
| Q3 2021 | 64.02 % | 66.05 % | 103.18 % |
| Q4 2021 | 64.98 % | 66.71 % | 102.65 % |
| Q1 2022 | 66.70 % | 67.38 % | 101.02 % |
| Q2 2022 | 66.34 % | 66.95 % | 100.92 % |
| Q3 2022 | 67.81 % | 69.44 % | 102.41 % |
| Q4 2022 | 66.73 % | 67.39 % | 100.98 % |
| Q1 2023 | 67.59 % | 66.20 % | 97.94 % |
| Q2 2023 | 69.95 % | 67.61 % | 96.65 % |
| Q3 2023 | 67.56 % | 70.86 % | 104.88 % |
| Period | Customer Deposits Per Total Assets | Loans and advances/Total assets | Loans and advances/Customers Deposits |
|---|---|---|---|
| 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 % |
| 2019 | 73.19 % | 65.46 % | 89.44 % |
| 2020 | 65.48 % | 61.71 % | 94.24 % |
| 2021 | 64.98 % | 66.71 % | 102.65 % |
| 2022 | 66.73 % | 67.39 % | 100.98 % |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | EPS Diluted (Riyal) | Book Value (BV) |
|---|---|---|---|---|---|
| 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 |
| Q1 2019 | 3,000.00 | 1.22 | 1.47 | 1.22 | 12.55 |
| Q2 2019 | 3,000.00 | 1.44 | 1.69 | 1.44 | 13.14 |
| Q3 2019 | 3,000.00 | 1.63 | 1.87 | 1.62 | 13.08 |
| Q4 2019 | 3,000.00 | 1.87 | 1.87 | 1.86 | 13.52 |
| Q1 2020 | 3,000.00 | 1.86 | 1.86 | 1.86 | 12.60 |
| Q2 2020 | 3,000.00 | 1.72 | 1.72 | 1.71 | 13.60 |
| Q3 2020 | 3,000.00 | 1.65 | 1.65 | 1.64 | 14.22 |
| Q4 2020 | 3,000.00 | 1.57 | 1.57 | 1.56 | 14.79 |
| Q1 2021 | 3,000.00 | 1.53 | 1.53 | 1.52 | 14.74 |
| Q2 2021 | 3,000.00 | 1.68 | 1.68 | 1.67 | 14.85 |
| Q3 2021 | 3,000.00 | 1.76 | 1.76 | 1.75 | 15.35 |
| Q4 2021 | 3,000.00 | 2.01 | 2.01 | 2.00 | 15.77 |
| Q1 2022 | 3,000.00 | 2.07 | 2.07 | 2.06 | 16.02 |
| Q2 2022 | 3,000.00 | 2.11 | 2.11 | 2.09 | 15.55 |
| Q3 2022 | 3,000.00 | 2.20 | 2.20 | 2.18 | 15.59 |
| Q4 2022 | 3,000.00 | 2.34 | 2.34 | 2.32 | 16.53 |
| Q1 2023 | 3,000.00 | 2.50 | 2.50 | 2.45 | 16.42 |
| Q2 2023 | 3,000.00 | 2.62 | 2.62 | 2.56 | 17.04 |
| Q3 2023 | 3,000.00 | 2.71 | 2.71 | 2.63 | 16.96 |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | EPS Diluted (Riyal) | Book Value (BV) |
|---|---|---|---|---|---|
| 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 |
| 2019 | 3,000.00 | 1.87 | 1.87 | 1.87 | 13.52 |
| 2020 | 3,000.00 | 1.57 | 1.57 | 1.57 | 14.79 |
| 2021 | 3,000.00 | 2.01 | 2.01 | 2.01 | 15.77 |
| 2022 | 3,000.00 | 2.34 | 2.34 | 2.32 | 16.53 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 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 |
| Q1 2019 | 19.75 | 16.42 | 1.92 |
| Q2 2019 | 18.72 | 15.96 | 2.05 |
| Q3 2019 | 15.06 | 13.07 | 1.87 |
| Q4 2019 | 12.90 | 12.90 | 1.77 |
| Q1 2020 | 8.04 | 8.04 | 1.19 |
| Q2 2020 | 9.86 | 9.86 | 1.24 |
| Q3 2020 | 11.37 | 11.37 | 1.31 |
| Q4 2020 | 12.95 | 12.95 | 1.37 |
| Q1 2021 | 14.76 | 14.76 | 1.52 |
| Q2 2021 | 15.87 | 15.87 | 1.78 |
| Q3 2021 | 15.43 | 15.43 | 1.76 |
| Q4 2021 | 13.55 | 13.55 | 1.72 |
| Q1 2022 | 18.23 | 18.23 | 2.34 |
| Q2 2022 | 15.36 | 15.36 | 2.06 |
| Q3 2022 | 14.56 | 14.56 | 2.04 |
| Q4 2022 | 13.71 | 13.71 | 1.92 |
| Q1 2023 | 12.12 | 12.12 | 1.81 |
| Q2 2023 | 13.14 | 13.14 | 1.97 |
| Q3 2023 | 10.55 | 10.55 | 1.64 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 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 |
| 2019 | 12.83 | 12.83 | 1.77 |
| 2020 | 12.87 | 12.87 | 1.37 |
| 2021 | 13.48 | 13.48 | 1.72 |
| 2022 | 13.71 | 13.71 | 1.92 |
Q3 2023
2023
| Period | Corporate and Institutional Banking | Retail | Trade and other business | Investment Banking and Brokerage | Others.. |
|---|---|---|---|---|---|
| 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 | - |
| Q1 2019 | 1,048.27 | 785.09 | 641.41 | 105.38 | - |
| Q2 2019 | 1,128.27 | 964.07 | 440.48 | 136.75 | - |
| Q3 2019 | 1,086.78 | 984.87 | 551.55 | 139.49 | - |
| Q4 2019 | 975.68 | 985.51 | 536.51 | 206.96 | - |
| Q1 2020 | 1,081.78 | 964.01 | 696.86 | 142.84 | - |
| Q2 2020 | 1,052.17 | 870.68 | 615.42 | 170.68 | - |
| Q3 2020 | 1,160.71 | 958.91 | 509.11 | 192.27 | - |
| Q4 2020 | 1,006.93 | 950.85 | 570.81 | 261.01 | - |
| Q1 2021 | 1,104.71 | 922.74 | 588.82 | 207.56 | - |
| Q2 2021 | 1,144.65 | 979.06 | 635.58 | 218.80 | - |
| Q3 2021 | 954.48 | 959.05 | 723.01 | 180.05 | - |
| Q4 2021 | 1,110.56 | 886.17 | 586.12 | 366.48 | - |
| Q1 2022 | 1,182.29 | 1,010.37 | 636.27 | 272.61 | - |
| Q2 2022 | 1,358.27 | 1,103.49 | 541.60 | 227.11 | - |
| Q3 2022 | 2,083.89 | 1,083.46 | 125.21 | 232.56 | - |
| Q4 2022 | 1,737.37 | 957.65 | 752.66 | 294.56 | - |
| Q1 2023 | 2,058.53 | 1,090.83 | 694.61 | 192.26 | - |
| Q2 2023 | 1,624.93 | 887.20 | 1,223.12 | 217.07 | - |
| Q3 2023 | 3,042.56 | 1,249.11 | (526.03) | 212.50 | - |
| Period | Corporate and Institutional Banking | Retail | Trade and other business | Investment Banking and Brokerage | Others.. |
|---|---|---|---|---|---|
| 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 | - |
| 2019 | 4,239.01 | 3,719.54 | 2,169.95 | 588.57 | - |
| 2020 | 4,301.58 | 3,744.44 | 2,392.19 | 766.80 | - |
| 2021 | 4,314.40 | 3,747.02 | 2,533.53 | 972.89 | - |
| 2022 | 6,361.82 | 4,154.97 | 2,055.74 | 1,026.84 | - |
| Item | Q3 2023 (e) | Q3 2023 (a) | Change |
|---|---|---|---|
| Average | 1,993.06 | 2,089.37 | 4.83 % |
| Item | Q3 2023 (e) | Q3 2023 (a) | Change |
|---|---|---|---|
| FAB Securities | 2,097.00 | 2,089.37 | (0.4) % |
| Hermes | 2,064.00 | 2,089.37 | 1.2 % |
| SNB Capital | 2,024.00 | 2,089.37 | 3.2 % |
| OSOOL AND BAKHEET | 2,002.40 | 2,089.37 | 4.3 % |
| Goldman Sachs | 1,980.00 | 2,089.37 | 5.5 % |
| Sico | 1,954.00 | 2,089.37 | 6.9 % |
| Bank of America | 1,830.00 | 2,089.37 | 14.2 % |
| Current | |
| Market Cap (M Riyal) | 80,850.00 |
| 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) | 9.98 |
| P/E (TTM) | 9.98 |
| Price/book | 1.51 |
| Return on Average Assets (%) (TTM) | 2.1 |
| Return on Average Equity (%) (TTM) | 15.8 |
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