Al Rajhi Bank reported a net profit of SAR 14.746 billion for 2021, a rise of 39% from SAR 10.596 billion in the year-ago period.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 16,913.02 | 20,391.94 | 20.6 % |
| Operating Income | 20,721.26 | 25,716.40 | 24.1 % |
| Total Provisions | (2165.74) | (2345.09) | (8.3 %) |
| Net Income | 10,595.55 | 14,746.21 | 39.2 % |
| Average Shares | 4,000.00 | 4,000.00 | - |
| EPS (Riyals) | 2.65 | 3.69 | 39.2 % |
The increase in profit was driven by higher gross operating income due to an increase in net financing and investment income, income fees from banking services, other operating income, and exchange income.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 4,638.39 | 5,354.85 | 15.4 % |
| Operating Income | 5,793.81 | 6,854.82 | 18.3 % |
| Debt Provisions | (550.04) | (590.32) | (7.3 %) |
| Net Income | 3,121.45 | 4,012.29 | 28.5 % |
| Average Shares | 4,000.00 | 4,000.00 | - |
| EPS (Riyals) | 0.78 | 1.00 | 28.5 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 5,214.76 | 5,354.85 | 2.7 % |
| Operating Income | 6,577.68 | 6,854.82 | 4.2 % |
| Debt Provisions | (593.81) | (590.32) | 0.6 % |
| Net Income | 3,793.75 | 4,012.29 | 5.8 % |
| Average Shares | 4,000.00 | 4,000.00 | - |
| EPS (Riyals) | 0.95 | 1.00 | 5.8 % |
The bank’s Q4 2021 net profit rose 29% year-on-year (YoY) to SAR 4.012 billion.
On a sequential basis, the bank’s net profit edged up 5.8% from SAR 3.793 billion.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | 468.82 | 623.64 | 33.0 % |
| Customer Deposits | 382.63 | 512.07 | 33.8 % |
| Financing Investments | 315.71 | 452.83 | 43.4 % |
Total shareholders’ equity, excluding minority interests, grew by 15.8% to SAR 67.309 billion as of Dec. 31, 2021, from SAR 58.119 billion a year earlier.
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