Alinma Bank reported a net profit of SAR 2.709 billion for 2021, an increase of 38%, from SAR 1.966 billion in the year earlier, driven by a 17.3% jump in gross operating income on higher net financing and investment income.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 4,647.82 | 5,140.39 | 10.6 % |
| Operating Income | 5,681.64 | 6,659.59 | 17.2 % |
| Total Provisions | (1419.18) | (1251.60) | 11.8 % |
| Net Income | 1,965.99 | 2,709.39 | 37.8 % |
| Average Shares | 2,500.00 | 2,500.00 | - |
| EPS (Riyals) | 0.79 | 1.08 | 37.8 % |
| EPS Diluted (Riyals) | 0.79 | 1.08 | 36.7 % |
Q4 2021 net profit leapt 57% YoY, but dropped 16.2% quarter-on-quarter (QoQ) to SAR 394 million.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 1,214.21 | 1,309.43 | 7.8 % |
| Operating Income | 1,610.11 | 1,680.16 | 4.4 % |
| Debt Provisions | (636.70) | (288.98) | 54.6 % |
| Net Income | 393.99 | 619.13 | 57.1 % |
| Average Shares | 2,500.00 | 2,500.00 | - |
| EPS (Riyals) | 0.16 | 0.25 | 57.1 % |
| EPS Diluted (Riyal) | 0.16 | 0.25 | 56.3 % |
On a sequential basis, net profit fell 16.2% year-on-year (YoY) from SAR 738.09 million.
Total shareholders’ equity, excluding minority interest, rose 25.7% year-on-year (YoY) to SAR 30.711 billion in 2021.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | 156.88 | 173.48 | 10.6 % |
| Customer Deposits | 119.45 | 121.06 | 1.3 % |
| Financing Investments | 111.20 | 126.27 | 13.6 % |
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