Al Rajhi Bank 2021 profit up 39% to SAR 14.746 bln, Q4 earnings at SAR 4.012 bln

13/02/2022 Argaam Exclusive

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.



Financials (M)

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.



Current Quarter Comparison (M)

Compared With The
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 %

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.

Balance Sheet (B)

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.

 

View More Financial Results

 

View other reports

Share Price

Al Rajhi Bank
89.90
(2.40) (2.60 %)

Al Rajhi Bank (ALRAJHI)

More


Financial Ratios
Current
Market Cap (M) 359,600.00
Shares Outstanding ((M)) 4,000.00
EPS ( Riyal) (TTM) 4.59
EPS Diluted ( Riyal) (TTM) 4.37
Book Value (BV) ( Riyal) 23.73
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 19.57
P/E (TTM) 19.57
Price/book 3.79
Return on Average Assets (%) (TTM) 2.2
Return on Average Equity (%) (TTM) 20.3
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request