21/01/2016
|
Element
|
Current quarter
|
Similar quarter for previous year
|
% Change Current
|
Previous quarter
|
% Change Previous
|
|
Net profit (loss)
|
228.0
|
375.0
|
-39.20
|
351.0
|
-35.04
|
|
Total profit (loss) operation income\ Investments
|
615.0
|
647.0
|
-4.95
|
603.0
|
1.99
|
|
Net profit (loss) special commission income\ Investments
|
428.0
|
425.0
|
0.71
|
442.0
|
-3.17
|
|
Element
|
Current period
|
similar period for previous year
|
% Change
|
|
Net profit (loss)
|
1,329.0
|
1,436.0
|
-7.45
|
|
Total profit (loss) operation income\ Investments
|
2,511.0
|
2,531.0
|
-0.79
|
|
Net profit (loss) special commission income\ Investments
|
1,731.0
|
1,540.0
|
12.4
|
|
Earning or loss per share, Riyals
|
2.04
|
2.21
|
-7.69
|
|
Total Assets
|
93,634
|
93,626
|
0.01
|
|
Investments
|
18,842
|
22,397
|
-15.87
|
|
Loans and advances portfolio
|
60,025
|
57,473
|
4.44
|
|
Customer deposit
|
70,329
|
70,733
|
-0.57
|
All figures are in (Millions) Saudi Arabia, Riyals
|
ELEMENT
|
EXPLANATION
|
|
Reasons of increase (decrease) for quarter compared with same quarter last year
|
the decrease in net income was due to an increase in operating expenses of 36.4% which was due to the increase in the impairment charge for non-trading investments, and an increase in the salaries and employee related expenses, which were offset by a decrease in the impairment charges on loans. the operating income also decreased by 4.95% due to the decrease in fees from banking services, and gains on non-trading investments, which were offset by an increase in exchange income.
|
|
Reason of increase (decrease) for PERIOD compared with the SAME PERIOD LAST YEAR
|
the decrease in net income was due to an increase in operating expenses OF 14% which was due to the increase in impairment charges for non-trading investments and staff and employee related expenses, which were offset by a decrease in impairment charges for loans, and other general and administrative expenses. the operating income also decreased by 0.79% due to the decrease in gains from non-trading investments and fee income from banking services, which were offset by an increase in net special commission income and exchange income.
|
|
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER
|
the decrease in net income was due to an increase in operating expenses of 46% which was due to an increase in impairment charges for non-trading investments, impairment charges for loans, and other general and administrative expenses, which were offset by a decrease in salaries and employee related expenses. operating income increased by 1.99% due to the increase in fees from banking services, exchange income, and gains on non-trading investments, which were offset by a decrease in net special comission income and dividend income.
|
|
Other notes
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EARNINGS PER SHARE FOR THE TWELVE MONTHS OF 2014 WAS SAR 2.21, WHICH WAS RECALCULATED TO REFLECT THE INCREASE IN THE BANKS CAPITAL FROM 600 MILLION SHARES TO 650 MILLION SHARES WHICH WAS APPROVED IN THE EXTRAORDINARY GENERAL ASSEMBLY MEETING ON 08/03/2015.
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