Bank Albilad posts SAR 1.2 bln profit in FY19

05/02/2020 Argaam Exclusive

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Bank Albilad’s net profit more than doubled year-on-year (YoY) to SAR 1.24 billion for the fiscal year 2019, driven by a 15.5% rise in operating income, net income from investment and financing activities, investment gains, other income and dividend income.



Financials (M)

Item 2018 2019 Change‬
Net Income from investments and financial activities 2,164.23 2,823.76 30.5 %
Operating Income 3,416.02 3,945.35 15.5 %
Total Provisions (490.45) (543.09) (10.7 %)
Net Income 612.71 1,243.74 103.0 %
Average Shares 1,250.00 1,250.00 -
Earnings Per Share before unusual items (Riyals) 0.80 0.99 23.7 %
EPS (Riyals) 0.49 0.99 103.0 %

In Q4 2019, the bank reported a net profit of SAR 327.1 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Net Income from investments and financial activities 602.46 771.12 28.0 %
Operating Income 902.12 1,041.04 15.4 %
Debt Provisions (111.95) (139.70) (24.8 %)
Net Income (136.32) 327.15 340.0 %
Average Shares 1,250.00 1,250.00 -
Earnings Per Share before unusual items (Riyals) 0.21 0.26 27.6 %
EPS (Riyals) (0.11) 0.26 340.0 %

Balance Sheet (B)

Item 2018 2019 Change‬
Assets 73.64 86.00 16.8 %
Customer Deposits 57.18 67.11 17.4 %
Financing Investments 50.59 59.29 17.2 %

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Share Price

Bank Albilad
35.20
0.20 0.57 %

Bank Albilad (ALBILAD)

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Financial Ratios
Current
Market Cap (M) 44,000.00
Shares Outstanding ((M)) 1,250.00
EPS ( Riyal) (TTM) 2.25
EPS Diluted ( Riyal) (TTM) 2.26
Book Value (BV) ( Riyal) 13.35
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 15.68
P/E (TTM) 15.68
Price/book 2.64
Return on Average Assets (%) (TTM) 1.9
Return on Average Equity (%) (TTM) 17.6
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