Bank Albilad 2020 net profit up 8% to SAR 1.348 bln

07/02/2021 Argaam Exclusive

Bank Albilad reported a net profit of SAR 1.348 billion for 2020, up 8%, compared to SAR 1.243 billion in the previous year.



Financials (M)

Item 2019 2020 Change‬
Net Income from investments and financial activities 2,823.76 3,292.63 16.6 %
Operating Income 3,945.35 4,262.05 8.0 %
Total Provisions (543.09) (694.51) (27.9 %)
Net Income 1,243.74 1,348.52 8.4 %
Average Shares 1,250.00 1,250.00 -
EPS (Riyals) 0.99 1.08 8.4 %

The profit rise was driven by an 8% increase in operating income, due to higher net income from investment, financing activities and net exchange income.

 

However, loss/gain from investments, fee and commission income, other operating income, and dividend income decreased.

 

Total operating expenses increased by 8%, due to higher net impairment charge for expected credit losses, other general and administrative expenses, salaries and employee-related benefits, and depreciation & amortization.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Net Income from investments and financial activities 771.12 846.81 9.8 %
Operating Income 1,041.04 1,139.90 9.5 %
Debt Provisions (139.70) (180.25) (29.0 %)
Net Income 327.15 377.81 15.5 %
Average Shares 1,250.00 1,250.00 -
EPS (Riyals) 0.26 0.30 15.5 %

In Q4 2020, the bank reported a net profit of SAR 377.8 million, an increase of 16% year-on-year (YoY).

Balance Sheet (B)

Item 2019 2020 Change‬
Assets 86.00 95.75 11.3 %
Customer Deposits 67.11 71.55 6.6 %
Financing Investments 59.29 70.11 18.2 %

View other reports

Share Price

Bank Albilad
37.40
(0.25) (0.66 %)

Bank Albilad (ALBILAD)

More


Financial Ratios
Current
Market Cap (M) 46,750.00
Shares Outstanding ((M)) 1,250.00
EPS ( Riyal) (TTM) 2.10
EPS Diluted ( Riyal) (TTM) 2.11
Book Value (BV) ( Riyal) 12.91
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 17.82
P/E (TTM) 17.82
Price/book 2.90
Return on Average Assets (%) (TTM) 1.8
Return on Average Equity (%) (TTM) 17.1
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