Investor Relations
|
Credit Ratings | Stock Activity | Financial
Statements
| Board of
Directors | Management
| Compliance
|
| Year 2008
| Year 2007
| Year 2006
| Year 2005
| Year 2004
| Year 2003
| Year 2002 |
| Ten Year Financial Highlight |
Financial Statements, September 30, 2008
BALANCE SHEET
| Amounts
in SAR'000 |
Mar 31
2008
(Unaudited) |
Dec 31
2007
(Audited) |
Mar 31
2007
(Unaudited) |
| Assets |
| Cash
and balances with SAMA |
1,232,310 |
1,212,355 |
1,018,599 |
| Due
from banks and other financial institutions |
3,692,689 |
4,311,421 |
5,086,861 |
| Investments,
net |
15,105,533 |
16,373,407 |
14,940,030 |
| Loans
and advances, net |
24,563,489 |
23,128,701 |
17,815,494 |
| Property and equipment,
net |
442,318 |
424,705 |
368,123 |
| Other
assets |
1,086,243 |
1,091,204 |
656,339 |
| Total
assets |
46,122,582 |
46,541,793 |
39,885,446 |
|
| LIABILITIES
AND SHAREHOLDERS' EQUITY |
| Liabilities |
| Due
to banks and other financial institutions |
3,923,543 |
4,512,101 |
3,739,009 |
| Customers'
deposits |
33,079,151 |
32,768,271 |
27,600,521 |
| Other
liabilities |
888,500 |
1,066,795 |
819,178 |
| Term
loan |
1,425,000 |
1,425,000 |
1,425,000 |
| Total
Liabilities |
39,316,194 |
39,772,167 |
33,583,708 |
|
| Shareholders'
Equity |
| Share
capital |
4,500,000 |
3,910,160 |
3,910,160 |
| Statutory
reserve |
2,158,000 |
2,158,000 |
1,952,000 |
| Other
reserve |
(151,946) |
83,380 |
131,539 |
| Retained
earnings |
286,414 |
618,086 |
308,039 |
| Total equity attributable to equity holders of the Bank |
6,792,468 |
6,769,626 |
6,301,738 |
| Minority interest |
13,920 |
- |
- |
| Total shareholders' equity |
6,806,388 |
6,769,626 |
6,301,738 |
| Total
liabilities and shareholders' equity |
46,122,582 |
46,541,793 |
39,885,446 |
|
STATEMENT
OF INCOME
(Unaudited)
For the three months ended March 31 |
| Amounts
in SAR'000 |
2008 |
2007 |
| Special
commission income |
592,072 |
646,740 |
| Special
commission expense |
336,907 |
362,460 |
| Net
special commission income |
255,165 |
284,280 |
| Fees
from banking services, net |
160,741 |
120,123 |
| Exchange income, net |
12,522 |
6,505 |
| Dividend
income |
16,668 |
14,373 |
| (Loss)/gain on non-trading investments, net |
(55,408) |
215 |
| Total
operating income |
389,688 |
425,496 |
| Salaries
and employee-related expenses |
72,935 |
69,175 |
| Rent
and premises-related expenses |
12,575 |
10,266 |
| Depreciation
and amortization |
11,677 |
10,152 |
| Other
general and administrative expenses |
15,507 |
14,765 |
| Provision
for credit losses |
15,000 |
15,000 |
| Total
operating expenses |
127,694 |
119,358 |
| Net
Income for the period |
261,994 |
306,138 |
| Income attributable to minority interest |
3,826 |
- |
| Net income for the period attributable to equity holders of the Bank |
258,168 |
306,138 |
| Basic and diluted earnings per share (Expressed in SAR per share) |
0.57 |
0.68 |
CONSOLIDATED BALANCE SHEETS
As
at
Amounts in SAR'000 |
June 30,
2008
(Unaudited) |
Dec. 31,
2007
(Audited) |
June 30,
2007
(Unaudited) |
| ASSETS |
| Cash
and balances with SAMA |
1,860,502 |
1,212,355 |
815,192 |
| Due
from banks and other financial institutions |
5,190,311 |
4,311,421 |
3,460,934 |
| Investments,
net |
15,158,836 |
16,373,407 |
15,167,372 |
| Loans
and advances, net |
28,139,606 |
23,128,701 |
19,727,757 |
| Property and equipment, net |
468,634 |
424,705 |
366,478 |
| Other
assets |
1,116,311 |
1,091,204 |
902,997 |
| |
| Total
assets |
51,934,200 |
46,541,793 |
40,440,730 |
| |
| LIABILITIES
AND EQUITY |
| Liabilities |
| |
| Due
to banks and other financial institutions |
5,634,908 |
4,512,101 |
3,874,485 |
| Customers'
deposits |
36,863,187 |
32,768,271 |
27,694,568 |
| Other
liabilities |
878,012 |
1,066,795 |
998,837 |
| Term
loan |
1,425,000 |
1,425,000 |
1,425,000 |
|
| Total
liabilities |
44,801,107 |
39,772,167 |
33,992,890 |
| |
|
Equity |
| |
|
|
|
|
Equity attributable to shareholders at the Bank
|
| |
|
|
|
| Share
capital |
4,500,000 |
3,910,160 |
3,910,160 |
| Statutory
reserve |
2,158,000 |
2,158,000 |
1,952,000 |
| Other
reserves |
(109,685) |
83,380 |
52,286 |
| Retained
earnings |
566,395 |
618,086 |
533,394 |
| Total equity attributable to shareholders of the Bank |
7,114,710 |
6,769,626 |
6,447,840 |
| |
| Minority interest |
18,383 |
- |
- |
| Total equity |
7,133,093 |
6,769,626 |
6,447,840 |
| Total
liabilities and equity |
51,934,200 |
46,541,793 |
40,440,730 |
| |
CONSOLIDATED STATEMENTS OF INCOME
Unaudited
|
| Amounts in SAR'
000 |
Three
months period ended |
Six
months period ended |
|
June
30, 2008 |
June
30, 2007 |
June 30, 2008 |
June
30, 2007 |
| |
| Special commission income |
624,448 |
598,478 |
1,216,520 |
1,245,218 |
| Special commission expense |
274,348 |
349,772 |
611,255 |
712,232 |
| Net special commission income |
350,100 |
248,706 |
605,265 |
532,986 |
| |
| Fees from banking servies, net |
128,217 |
82,999 |
288,958 |
203,122 |
| Exchange income, net |
(209) |
7,439 |
12,313 |
13,944 |
| Dividend income |
6,745 |
3,825 |
23,413 |
18,198 |
| (Loss) / gain on non- trading investment, net |
(80,935) |
4,524 |
(136,343) |
4,739 |
| Total operating income |
403,918 |
347,493 |
793,606 |
772,989 |
| |
| Salaries and employee-related
expenses |
75,299 |
69,892 |
148,234 |
139,067 |
| Rent and premises-related expenses |
13,034 |
9,942 |
25,609 |
20,208 |
| Depreciation and amortization |
11,824 |
10,473 |
23,501 |
20,625 |
| Other general and administrative
expenses |
14,224 |
26,831 |
29,731 |
41,596 |
| Provision for credit losses |
5,000 |
5,000 |
20,000 |
20,000 |
| Total operating expenses |
119,381 |
122,138 |
247,075 |
241,496 |
| |
| Net income
for the period |
284,537 |
225,355 |
546,531 |
531,493 |
| Income attributable to minority interest |
4,556 |
- |
8,382 |
- |
| Net income for the period attributable to
shareholders of the Bank |
279,981 |
225,355 |
538,149 |
531,493 |
| Basic and diluted earnings
per share (Expressed in SAR per share) |
0.62 |
0.50 |
1.20 |
1.18 |
CONSOLIDATED BALANCE SHEETS
As
at
Amounts in SAR'000 |
Sep 30,
2008
(Unaudited)
|
Dec. 31,
2007
(Audited) |
Sep 30,
2007
(Unaudited) |
| ASSETS |
| Cash
and balances with SAMA |
2,093,797 |
1,212,355 |
925,851 |
| Due
from banks and other financial institutions |
5,352,675 |
4,311,421 |
4,232,052 |
| Investments,
net |
14,565,639 |
15,811,276 |
16,208,865 |
| Investment in associates |
715,296 |
562,131 |
490,093 |
| Loans
and advances, net |
29,874,225 |
23,128,701 |
21,746,485 |
| Property and equipment, net |
494,168 |
424,705 |
376,376 |
| Other
assets |
1,404,141 |
1,091,204 |
1,146,833 |
| |
| Total
assets |
54,499,941 |
46,541,793 |
45,126,555 |
| |
| LIABILITIES AND EQUITY |
| Liabilities |
| |
| Due
to banks and other financial institutions |
3,481,083 |
4,512,101 |
5,378,563 |
| Customer deposits |
43,045,332 |
32,768,271 |
30,538,353 |
| Other
liabilities |
1,052,635 |
1,066,795 |
1,121,623 |
| Term
loan |
- |
1,425,000 |
1,425,000 |
|
| Total
liabilities |
47,579,050 |
39,772,167 |
38,463,539 |
| |
| Equity |
| |
|
|
|
| Equity attributable to shareholders of the Bank |
| Share
capital |
4,500,000 |
3,910,160 |
3,910,160 |
| Statutory
reserve |
2,158,000 |
2,158,000 |
1,952,000 |
| Other
reserves |
(403,519) |
83,380 |
(68,872) |
| Retained
earnings |
632,192 |
618,086 |
869,728 |
| |
| Total equity attributable to shareholders of the Bank |
6,886,673 |
6,769,626 |
6,663,016 |
| |
| Minority interest |
34,218 |
- |
- |
| Total equity |
6,920,891 |
6,769,626 |
6,663,016 |
| Total liabilities and equity |
54,499,941 |
46,541,793 |
45,126,555 |
| |
CONSOLIDATED STATEMENTS OF INCOME
Unaudited
|
| Amounts in SAR'
000 |
Three
months period ended |
Nine
months period ended |
|
Sep
30, 2008 |
Sep
30, 2007 |
Sep 30, 2008 |
Sep
30, 2007 |
| |
| Special commission income |
627,040 |
688,229 |
1,843,560 |
1,933,447 |
| Special commission expense |
405,437 |
403,334 |
1,016,692 |
1,115,566 |
| Net special commission income |
221,603 |
284,895 |
826,868 |
817,881 |
| |
| Fees from banking servies, net |
85,800 |
93,214 |
374,758 |
296,336 |
| Exhange income, net |
16,183 |
9,909 |
28,496 |
23,853 |
| Dividend income |
11,243 |
8,062 |
34,656 |
26,260 |
| (Loss)/ gain on non- trading investments, net |
(29,614) |
95,154 |
136,493 |
99,893 |
| Gain on sale of investment in subsidiary |
110,000 |
- |
110,000 |
- |
| |
| Total operating income |
415,215 |
491,234 |
1,511,271 |
1,264,223 |
| |
| Salaries and employee-related
expenses |
70,158 |
76,306 |
218,392 |
215,373 |
| Rent and premises-related expenses |
13,385 |
11,514 |
38,994 |
31,722 |
| Depreciation and amortization |
12,577 |
10,503 |
36,078 |
31,128 |
| Other general and administrative
expenses |
19,546 |
36,577 |
49,277 |
78,173 |
| Provision for credit losses |
5,000 |
20,000 |
25,000 |
40,000 |
| Provision for impairment of non-trading investments |
225,420 |
- |
527,870 |
- |
| Total operating expenses |
346,086 |
154,900 |
895,611 |
396,396 |
| |
| Net income
for the period |
69,129 |
336,334 |
615,660 |
867,827 |
| Income attributable to minority interest |
3,332 |
- |
11,714 |
- |
| Net income for the period attributable to
shareholders of the Bank |
65,797 |
336,334 |
603,946 |
867,827 |
Basic and diluted earnings
per share
(Expressed in SAR per share) |
0.15 |
0.75 |
1.34 |
1.93 |
Basel II Disclosures
Quantitative Disclosure - Semi-annual 2008
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